3AC Liquidators To Sell Firm’s NFTs
According to a recent announcement, the bankrupt hedge fund Three Arrows Capital’s NFTs will be sold by its liquidators Teneo.
In a notice dated Feb. 22, joint liquidator Christopher Farmer stated that the liquidators intend to begin selling 3AC’s NFTs. The sale would be done to “realise the value of the NFTs for the purposes of the liquidation,” according to the announcement. The sales will begin 28 days after the notice, according to the announcement.
The liquidators clarified in their announcement that the list of NFTs known colloquially as the “Starry Night Portfolio” will not be included. As part of 3AC’s bankruptcy proceedings, 300 NFTs from 3AC subsidiary Starry Night Capital were moved on October 5, 2022. The liquidators stated that these NFTs are currently the subject of an application before the British Virgin Islands’ supreme court.
(With inputs from Shikha Singh)
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