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3AC Liquidators to Sell Multi-Million Dollar Portfolio of Seized NFTs

Teneo, the liquidator for bankrupt crypto hedge fund Three Arrows Capital (3AC) has published a notice outlining its intent to sell an expansive list of non-fungible tokens (NFTs) estimated to be worth millions of dollars.

The Singapore-based firm filed for bankruptcy in July and estimated its assets at around $1 billion, according to a document obtained by The Block. The filing reportedly noted that assets included NFTs worth about $22 million.

On Wednesday, Teneo said that it planned to sell certain seized NFTs "to realize the value of the NFTs for the purposes of the liquidation." The liquidator said it will begin taking the necessary steps to sell the NFTs within 28 days.

(By Rosie Perper)

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