Over 300 NFTs From Three Arrows Capital’s NFT Fund Moved by Liquidator to New Wallet – Bitcoin News

Hundreds of non-fungible tokens (NFTs) collected by Starry Night Capital have been transferred to a new wallet. The NFT fund of the insolvent crypto hedge fund Three Arrows Capital (3AC) bought the tokens in 2021. 3AC filed for bankruptcy earlier this year, after taking a hit from the collapse of the Terra ecosystem and the ensuing crypto winter. Now its liquidator, Teneo, says the tokens are being transferred into its hands.

Starry Night Capital Fund’s Collection of NFTs Being Moved to Gnosis Safe Address

NFTs from a premium collection belonging to Starry Night Capital, featuring Cryptopunks among other valuable collectibles, are moving to a new wallet, the crypto analytics firm Nansen revealed on Twitter. More than 300 tokens of a total exceeding 400 NFTs have been transferred to a Gnosis Safe account, a multi-signature Ethereum wallet.

The Starry Night Capital NFT fund was established last year by crypto hedge fund Three Arrows Capital and an NFT collector going by the pseudonym Vincent Van Dough. Their initial intention was to raise some $100 million in order to acquire tokens from popular NFT collections and prominent artists.

NFTs previously collected by Starry Night Capital are moving to a Gnosis Safe address.

These NFTs include:
– Pepe the Frog NFT Genesis, sold for 1,000 ETH (~$3.5M) on Oct 5, 2021
– Fidenza #718, sold for 240 ETH (~$1.1M) on Nov 13, 2021

Some other notable NFTs below👇 pic.twitter.com/8PU13CqMnn

— Nansen 🧭 (@nansen_ai) October 4, 2022

In a statement quoted by Bloomberg and crypto media, Teneo, 3AC’s liquidator, said that thanks to Vincent Van Dough’s cooperation, “all Starry Night Capital NFTs, of which VVD is aware, have been accounted for and are in our possession or are being transferred to us.” The firm indicated it wants to sell them, stating it will likely be working with Vincent Van Dough to oversee their disposal.

The NFTs being transferred now include Pepe the Frog NFT Genesis, sold for 1,000 ETH (approx. $3.5 million) on Oct. 5, 2021 and Fidenza #718, sold for 240 ETH (around $1.1 million) on Nov. 13, 2021, several Cryptoart NFTs by the artist XCOPY, sold for between $1.4 and $2.3 million in December, and AI generated Nude Portrait #7 Frame #184 by Robbie Barrat, sold for $1.1 million in ether.

Among them are also a few Cryptoadz — Cryptoadz #5634 (135 ETH) and Cryptoadz #54 (25 ETH) sold in October — Meridian #684 and Meridian #171 (priced at 90 and 80 ETH respectively), and multiple…