Hedge fund Three Arrows Capital owns NFT tokens worth more than $7 million
Reportedly, the cryptocurrency hedge fund Three Arrows Capital, which is experiencing problems, may own several NFT tokens from popular collections
According to NFTGators, the hedge fund owns the following NFT tokens worth about $7.36 million:
11 Crypto Punks NFT Tokens Worth $3 Million
330 Art Blocks Curated NFT Tokens Worth $2.483 Million
8 PEGZ NFT Tokens worth $613,000
4 DeafbeefV2 NFT Tokens worth $564,000
3 Autoglyph NFT Tokens worth $304,000
7 Art Blocks NFT Tokens worth $125,000
2 Mutant Ape Yacht Club NFT tokens worth about $123,000
7 Chromie Squiggle NFT Tokens worth about $74,000
1 NFT token of Bored Ape Yacht Club in the amount of $61,000.
The news about the stocks of Three Arrows Capital's NFT tokens appeared just a few days after the hedge fund filed for bankruptcy in New York. Perhaps this step was taken to protect the assets of the hedge fund from the liquidation order from the British Virgin Islands.
In addition, the co-founder of Three Arrows Capital, Su Joo, is selling his $35 million Singapore mansion, which is in trust with one of his children. There are rumors that he asked to transfer the money received from the sale to a bank account in Dubai.
However, creditors and liquidators seeking to confiscate the assets of Three Arrows Capital will have to overcome several obstacles, as the documentary trail of the hedge fund revealed a complex ownership network, which can delay the entire process.
As it became known, Three Arrows Capital also managed the over-the-counter platform Tai Ping Shan Capital, which continues to make transactions even though the hedge fund faces liquidation in the British Virgin Islands and a thorough investigation in Singapore.
Subscribe to the channel coin-signal.com in Telegram - always the latest news and market overview
https://coin-signal.com/cryptonews/hedge-fund-three-arrows-capital-owns-nft-tokens-worth-more-than-7-million/
#Arrows, #Capital, #Cryptonews, #Fund, #Hedge, #Million, #Nft, #Owns, #Three, #Tokens, #Worth
#CryptoNews