Over 300 3AC-linked NFTs on the move

Non-fungible tokens (NFTs) belonging to Starry Night Capital, a subsidiary of collapsed Three Arrows Capital (3AC), person been moved to a Gnosis harmless address, Nansen tweeted connected Oct. 4.

NFTs antecedently collected by Starry Night Capital are moving to a Gnosis Safe address.

These NFTs include:
– Pepe the Frog NFT Genesis, sold for 1,000 ETH (~$3.5M) connected Oct 5, 2021
– Fidenza #718, sold for 240 ETH (~$1.1M) connected Nov 13, 2021

Some different notable NFTs below pic.twitter.com/8PU13CqMnn

— Nansen (@nansen_ai) October 4, 2022

Starry Night Capital is simply a $100 cardinal NFT-focused money launched successful 2021 by Three Arrows Capital founders Kyle Davies and Su Zhu, on with NFT collector Vincent Van Dough. At the time, its extremity was to bargain the apical NFTs successful the market.

NFTs connected the move

According to disposable information, implicit 300 NFTs successful the code associated with the money person been moved to a caller address. Some fashionable NFTs moved to the caller code see Pepe the Frog NFT Genesis, which it bought for 1,000 ETH (~$3.5M).

Other notable NFTs moved by the code see Fidenza #718, Some Other Asshole, DANKRUPT, DECAY, and Pudgy Penguins. These NFTs antecedently sold for 200 to 500 ETH. Nansen stated that the remaining NFTs successful the code person a combined worth of 625 ETH ($847,000) astatine the clip of the report, with 89% having debased liquidity.

7/ Their existent estimated portfolio value* is 625 ETH, with 89% of the NFTs having debased liquidity (less than 35 income successful the past 7 days)

*24H median price, oregon 7D wherever nary income successful the past 24H

Source:https://t.co/Ky8QrH3cfl pic.twitter.com/aZykqEOSqS

— Nansen (@nansen_ai) October 4, 2022

The destination wallet, a Gnosis harmless address, present contains 463 items, according to OpenSea data. Meanwhile, determination are inactive questions astir wherever the remainder of the NFT funds went, fixed that Starry Night Capital spent $35 cardinal connected integer assets, according to Dune Analytics.

While it is unclear who is down the transfers, the determination answers questions surrounding the whereabouts of 3AC NFTs since it went bankrupt successful July.

3AC liquidation

3AC laminitis Zhu had expressed interest implicit the anticipation of jailhouse word implicit the liquidator’s misrepresentation. According to Zhu, the liquidators person misled the Singapore precocious tribunal astir the operation of 3AC and the relation helium and Davies played successful the system.

Meanwhile, the court-appointed liquidator, Teneo, has lone gained control of astir $40 cardinal of 3AC’s assets and the power to unafraid and liquidate them successful Singapore.

The station Over 300 3AC-linked NFTs connected the move appeared archetypal connected CryptoSlate.