Bankrupt Crypto Hedge Fund 3AC Makes Surprising NFT Purchase
On July 5, a wallet acquired an NFT named “Neon Village” for 20 ETH (~$58,000) using a bid that was placed on SuperRare back in 2021.
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On July 5, a wallet acquired an NFT named “Neon Village” for 20 ETH (~$58,000) using a bid that was placed on SuperRare back in 2021.
Arkham Intelligence reports that this wallet is linked to the bankrupt crypto hedge fund Three Arrows Capital (3AC). This means the company bought the NFT despite being in liquidation.
It seems that Teneo, the liquidator, did not cancel the bid made long before 3AC declared bankruptcy.
The NFT seller, noticing the active bid, decided to accept it. However, it should be noted that the seller still sold it for much less than they initially paid.
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