Teneo, the company responsible for the bankruptcy proceedings of Three Arrows Capital (3AC), confirmed in a statement Oct. 5 that it has moved more than 300 NFTs from its address associated with Starry Night Capital, a fund launched by a co-founder. Establish a now bankrupt hedge fund.
According to the company, this NFT move is part of asset identification and recovery on behalf of all creditors. As previously reported by Bloomberg indicate thatThe total value of the Starry Night Capital collection is about $35 million, but it’s just a tiny fraction of 3AC’s $2.8 billion debt to its creditors.
“We want to make it clear that VVD [นักสะสม NFT นามแฝง Vincent Van Dough] has cooperated with JL [ผู้ชำระบัญชีร่วม] in an effort to protect the value of these assets. For the benefit of all relevant stakeholders We have tried to ensure that no Starry Night Portfolio assets are improperly sold.”
VVD is also offering assistance in the sale of 3AC NFTs and will likely oversee the asset sales with Teneo, Teneo said.
In 2021, 3AC co-founders Su Zhu , Kyle Davies and NFT collector alias Vincent Van Dough (DVV) founded Starry Night Capital, a fund focused on investing only in the “most wanted” NFTs.
The post confirmed!! Three Arrows Capital’s Premium NFT Collection Set to Force Sell To reimburse creditors appeared first on Bitcoin Addict.