NFT

Troubled Crypto Fund Three Arrows Capital Has USD 7.5M Worth of Blue-Chip NFTs

Source: AdobeStock / Alexander Limbach

 

Embattled crypto funding agency Three Arrows Capital (3AC), which has not too long ago filed for chapter, ostensibly holds greater than USD 7.5m value of blue-chip NFTs.

According to information compiled by crypto analysis agency 21shares, 3AC owns a complete of 377 NFTs, which incorporates 11 CryptoPunks, 330 ArtBlocksCurated, 2 Mutant Apes, 1 Bored Ape, in addition to different NFTs from different fashionable collections.

As of now, assuming common costs, 3AC’s NFT portfolio is value USD 7,524,617, in accordance with Dune Analytics.

The firm’s CryptoPunks, value over USD 3m, account for greater than 40% of that determine. Moreover, its ArtBlocksCurated NFTs are value round USD 2.5m.

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As reported, 3AC has filed for Chapter 15 Bankruptcy. The submitting got here after a British Virgin Islands court docket ordered the liquidation of 3AC.

Chapter 15 chapter enables “cooperation between U.S. courts and international courts” and is usually filed in an effort to guard the debtor’s belongings.

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Prior to its insolvency, Three Arrows Capital, spearheaded by Su Zhu, was recognized for its many investments in crypto-related ventures. The firm reportedly managed as a lot as USD 10 billion in belongings as not too long ago as March.

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Learn extra: 
– Crypto Chaos Continues as Loans Firm Cuts Withdrawal Limit, 3AC Moves Funds, & Celsius Apparently Pays Maker
– Crypto Turmoil: 3AC Files for Bankruptcy, FTX and BlockFi Agree, Suspensions at Voyager

– Three Arrows CEO Zhu Su Seeks to Sell Luxury Singapore Mansion – Reports
– Blockchain.com vs. Three Arrows

– Three Arrows Reprimanded by Singapore
– Celsius’ Positions are Now Healthier, Three Arrows Capital Was a ‘Victim of Contagion’ – Nansen



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