Teneo, the liquidation firm in charge of the Three Arrows Capital (3AC) bankruptcy process, confirmed in a statement to Cointelegraph on Oct. 5 that it has custody of the NFTs moved from addresses related to Starry Night Capital, a fund launched by the co-founders of the now-bankrupt hedge fund.

According to the firm, the collection move was part of the liquidator's duty of identifying assets and maximizing recoveries on behalf of all creditors.

A report from Bloomberg estimated that the Starry Night Capital collection’s total value sits at around $35 million.
VVD also offered to assist with the eventual sale of 3AC NFTs and will likely oversee the assets' disposal with the firm, Teneo said.

The Singapore-based hedge fund went bankrupt following the collapse of the Terra ecosystem earlier this year.
Source: Cointelegraph
#NFT