Teneo to sell previously owned Three Arrows Capital NFTs

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Liquidator of a bankruptcryptocurrency hedge fund Three Arrows Capital (TAC) will put up for sale NFTs previously owned by TAC. According to preliminary estimates, their cost could be about $6 million.

According to Teneo's statement, TAC'sNFTs may be of particular interest to non-fungible token collectors, as they include rare examples from the CryptoPunks, Fidenzas and 17 Ringers series. Bidding will begin within 28 days of notification.

Crisis manager and managing directorTeneo Christopher Farmer said the purpose of selling TAC's assets was to "realize the potential value of the NFTs for liquidation." Farmer expects Teneo's minimum revenue from selling NFTs to be at least $6 million.

Let us remind you that in October last year, as part ofbankruptcy proceedings of the hedge fund Three Arrows Capital, more than 300 NFTs from the Starry Night collection were moved to the Gnosis Safe wallet controlled by the liquidation commission.

In February, Teneo crisis managers RussellRussell Crumpler and Christopher Farmer said TAC co-founders Kyle Davies and Su Zhu are hiding from the courts and resisting attempts to contact them.