Bankrupt Crypto Hedge Fund (3AC) Makes Surprise NFT Purchase After Three-Year Bid Oversight by Liquidators

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The wallet, linked to the now-bankrupt Three Arrows Capital (3AC), recently made an unexpected NFT purchase. This seemingly out-of-the-blue transaction resulted from a bid placed three years ago that went unnoticed — or perhaps not “seen as retrievable” at the time — by the liquidators handling 3AC’s bankruptcy.

The Missed Bid

According to NFT marketplace SuperRare, the forgotten bid was for an NFT from the “Ninja Village” collection by the artist SeerLight that was discreetly submitted on Aug. 21, 2021, by 3AC wallet, a year prior to filing a Chapter 15 bankruptcy in July 2022. However, due to an oversight by Teneo—the company handling 3AC’s bankruptcy proceedings—the bid remained dormant until now.

3AC, on Friday, secured the NFT for 20 ETH (roughly $58,800 at current) from its previous anonymous owner, “@anonymoux.” This owner had bought it for 100 ETH (around $348,700 at that time) in…

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