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Bankrupt crypto firm 3AC's NFTs sell for $2.5 million at auction
short by Aishwarya Awasthi / on Saturday, 20 May, 2023
Bankrupt Three Arrows Capital's seven NFTs have sold for about $2.5 million at a Sotheby's auction. The auction was part of liquidating Three Arrows (3AC), according to a February memo from one of the court-appointed liquidators Teneo. Three Arrows went bankrupt in 2022 with estimated assets at around $1 billion, and an NFT collection worth $22 million, a filing showed.
read more at Reuters