Three Arrows Capital allegedly owns an NFT collection worth over $7.3 million, including NFTs from Bored Ape, CryptoPunks, and others.
The NFT collection is said to include pieces from numerous projects, including CryptoPunks, ArtBlocksCurated, PEGZ, DeafbeefV2, Autoglyphs, ArtBlocks, MutantApeYachtClub, ChromieSquiggle, BoredApeYachtClub, and Cypher. The news was shared by NFTgators on its Twitter page, which was the data curated by DuneAnalytics.
The NFTs are valued at over $7.36 million
The following NFTs are owned by Three Arrows Capital and are valued at around $7.36 million, according to the data published by NFTGators.
- 1 Bored Ape Yacht Club worth $61k
- 2 Mutant Ape Yacht Club worth an estimated $122.6k
- 11 Crypto Punks NFTs worth $3 million
- 330 Art Blocks Curated NFTs worth a total of $2.483 million
- 8 PEGZ NFTs worth $613k
- 4 DeafbeefV2 worth $564k
- 3 Autoglyphs worth $304k
- 7 Art Blocks NFTs worth $125k
- 7 Chromie Squiggle NFTs worth $73.78k
The news is followed by Three Arrows Capital filing for bankruptcy in New York. The bankruptcy filing was followed by the British Virgin Islands ordering the firm to be liquidated.
On June 27th, a court file for the same was submitted. According to the report, partners from Teneo Restructuring will handle the bankruptcy of the Singapore-based corporation.
On Wednesday, insiders expected that the liquidation would be a turning moment in the ongoing, reportedly escalating collapse of the crypto business.
Recently, Three Arrows Capital also received a default notice from Voyager Digital. The $650 million debt, which has not been cleared, is the subject of the notice.
As per a recent report by Bloomberg, Su Zhu, the founder of Three Arrows Capital, is allegedly trying to sell his Singapore mansion worth $35 million. The mansion was purchased in December 2021 by Su Zhu for $48.8 million. The house is currently under the management of a trust in the name of one of his children.