Embattled crypto investment firm Three Arrows Capital (3AC), that has lately filed for personal bankruptcy, evidently holds greater than USD 7.5m price of blue-nick NFTs.
Based on data compiled by crypto research firm 21shares, 3AC owns as many as 377 NFTs, including 11 CryptoPunks, 330 ArtBlocksCurated, 2 Mutant Apes, 1 Bored Ape, along with other NFTs using their company popular collections.
As of this moment, presuming average prices, 3AC’s NFT portfolio may be worth USD 7,524,617, based on Dune Analytics.
The business’s CryptoPunks, worth over USD 3m, account in excess of 40% of this figure. Furthermore, its ArtBlocksCurated NFTs count around USD 2.5m.
As reported, 3AC has declared Chapter 15 Personal bankruptcy. The filing came following a British Virgin Islands court purchased the liquidation of 3AC.
Chapter 15 personal bankruptcy enables “cooperation between U.S. courts and foreign courts” and it is typically filed in order to safeguard the debtor’s assets.
Just before its insolvency, Three Arrows Capital, spearheaded by Su Zhu, was noted for its many investments in crypto-related ventures. The organization apparently managed around USD 10 billion in assets as lately as March.
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Find out more:
– Crypto Chaos Continues as Loans Firm Cuts Withdrawal Limit, 3AC Moves Funds, & Celsius Apparently Pays Maker
– Crypto Turmoil: 3AC Files for Personal bankruptcy, FTX and BlockFi Agree, Suspensions at Voyager
– Three Arrows Chief executive officer Zhu Su Seeks to market Luxury Singapore Mansion – Reports
– Blockchain.com versus. Three Arrows
– Three Arrows Reprimanded by Singapore
– Celsius’ Positions are actually Healthier, Three Arrows Capital Would be a ‘Victim of Contagion’ – Nansen
