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cryptonews
2023-04-20 08:53:00

Three Arrows Capital's NFT Collection Set for Sotheby's Auction in Attempt to Repay Creditors

Three Arrows Capital's NFT Collection Set for Sotheby's Auction in Attempt to Repay Creditors

Sotheby's is preparing to host an auction for a collection of non-fungible tokens (NFTs) seized from now-defunct crypto hedge fund Three Arrows Capital. In a Wednesday press release, Sotheby's revealed that it would auction the Grails collection, which is comprised of digital artwork that belongs to 3AC and its Starry Night Capital NFT-collecting fund, in a bid to recoup a portion of the $3 billion the collapsed crypto fund owes to creditors.... Read More: Three Arrows Capital's NFT Collection Set for Sotheby's Auction in Attempt to Repay Creditors

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