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    Three Arrows Capital may own more than $7 million in NFTs

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    According to NFTgators and Dune Analytics, a fund that has filed for bankruptcy can be a millionaire in NFTs. (Image: Unsplash/Towfiqu barbhuiya)

    According to NFTgators, a news portal specializing in non-fungible tokens (NFTs)Three Arrows Capital, or 3AC, reportedly owns an NFT collection worth over $7.3 million, including NFTs from Bored Ape, CryptoPunks, and others.

    The NFT collection includes pieces from various projects including CryptoPunks, ArtBlocksCurated, PEGZ, DeafbeefV2, Autoglyphs, ArtBlocks, MutantApeYachtClub, ChromieSquiggle, BoredApeYachtClub, and Cypher.

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    The news was shared by NFTgators on their page on twitterwhich was curated by Dune Analytics.

    The 3AC NFTs

    The following NFTs are owned by Three Arrows Capital and valued at approximately $7.36 million, according to data published by NFTGators.

    • 1 Bored Ape Yacht Club worth $61k
    • 2 Mutant Ape Yacht Club worth an estimated $122,600
    • 11 Crypto Punks NFTs Worth $3 Million
    • 330 Art Blocks curated by NFTs worth a total of $2.483 million
    • 8 PEGZ NFTs worth $613k
    • 4 DeafbeefV2 worth $564k
    • 3 Autoglyphs worth $304k
    • 7 Art Blocks NFTs worth $125k
    • 7 Chromie Squiggle NFTs worth $73,780
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    The news is followed by Three Arrows Capital’s bankruptcy filing in New York. The bankruptcy filing was followed by the British Virgin Islands ordering the company to be wound up.

    The bankruptcy of 3AC

    On June 27, a lawsuit was filed for the fund. According to the report, Teneo Restructuring partners will handle the bankruptcy of the Singapore-based corporation.

    On Wednesday, experts had expected the liquidation to be a turning point in the ongoing and allegedly growing collapse of the cryptocurrencies.

    Recently, Three Arrows Capital also received a standard notice from Voyager Digital.

    The $650 million debt, which has not been paid off, is the subject of the notice.

    According to a recent Bloomberg report, Su Zhu, founder of Three Arrows Capital, is allegedly trying to sell his Singapore mansion worth $35 million.

    The mansion was purchased in December 2021 by Su Zhu for $48.8 million. The house is currently under the management of a trust in the name of one of her children.

    *with information from NFTgators

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    O Money Times publishes informative articles of a journalistic nature. This publication does not constitute an investment recommendation.

    Source: Moneytimes

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