Three Arrows Capital Allegedly Owns Crypto Punks, Bored Apes, and other NFTs Worth Roughly $7.36M

Summary:

• Three Arrows Capital allegedly owns aggregate NFTs belonging to fashionable projects specified arsenic CryptoPunks, Art Blocks Curated, BoredApeYachtClub, and more.
• The full NFT holdings by Three Arrows Capital are valued astatine astir $7 million.

The Three Arrows Capital crypto hedge money allegedly owns aggregate NFTs belonging to fashionable projects specified arsenic Crypto Punks and Bored Ape Yacht Club.

NFTs owned by 3AC

– CryptoPunks
– ArtBlocksCurated
– PEGZ
– DeafbeefV2
– Autoglyphs
– ArtBlocks
– MutantApeYachtClub
– ChromieSquiggle
– BoredApeYachtClub
– Cypher@DuneAnalytics dashboard by @21Shares pic.twitter.com/WzVQi8DNqN

— NFTgators 🐊 (@NFTgators) July 4, 2022

Value of NFTs Owned By Three Arrows Capital Exceeds $7.36 Million

According to the supra investigation shared by NFTGators, Three Arrows Capital owns the pursuing NFTs worthy astir $7.36 million.

• 11 Crypto Punks NFTs worthy $3 million
• 330 Art Blocks Curated NFTs worthy a full of $2.483 million
• 8 PEGZ NFTs worthy $613k
• 4 DeafbeefV2 worthy $564k
• 3 Autoglyphs worthy $304k
• 7 Art Blocks NFTs worthy $125k
• 2 Mutant Ape Yacht Club NFTs worthy an estimated $122.6k
• 7 Chromie Squiggle NFTs worthy $73.78k
• 1 Bored Ape Yacht Club NFT worthy $61k

Three Arrows Capital Files for Bankruptcy successful the US.

News of Three Arrows Capital owning implicit $7 cardinal successful NFTs comes little than 3 days aft the hedge money filed for section 15 bankruptcy successful New York. Speculation is rife that the determination was made to support the hedge fund’s assets against a liquidation bid from the British Virgin Islands.

Su Zhu is Reportedly Selling his $35 Million Singapore Mansion.

In addition, it was reported past week that Three Arrows Capital co-founder, Su Zhu, was selling his $35 cardinal Singapore mansion held successful a spot for 1 of his children. It is besides rumored that helium requested the proceeds of the merchantability beryllium sent to a Dubai slope account.

Three Arrows Capital’s Complex Ownership Structure Might Frustrate Creditors.

However, creditors and liquidators seeking to prehend Three Arrows Capital’s assets mightiness person to leap a fewer hurdles arsenic the hedge fund’s insubstantial way has revealed a analyzable web of ownership that mightiness hold their efforts.

According to a CoinDesk report, Three Arrows Capital besides operated an over-the-counter trading table called Tai Ping Shan (TPS) Capital. The second allegedly continues to marque trades arsenic Three Arrows Capital faces liquidation successful the British Virgin Islands and aggravated investigations successful Singapore.