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Sotheby's Sells Rare NFTs Seized from Bankrupt Crypto Hedge Fund's Collection for $2.5M

Sotheby's has completed the sale of several rare non-fungible tokens (NFTs) seized from bankrupt crypto hedge fund Three Arrows Capital (3AC), bringing in $2,482,850 to recoup some of the lost funds. The auction house launched its multi-part sale featuring NFTs from the Grails collection, formed as part of 3AC's asset portfolio primarily in 2021. The highest-priced NFTs from Part 1 of the Grails collection are Fidenza #725 and Autoglyph #187, which sold for $1,016,000 and $571,500 respectively. More NFTs from 3AC's collection will be released in chapters through auctions or private sales in the future.

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