Bankrupt Hedge Fund's NFTs Set For Auction At Sotheby's

According to PANews, a collection of Non-Fungible Tokens (NFTs) previously owned by the now-bankrupt hedge fund, Three Arrows Capital, is set to be auctioned at Sotheby's on June 18. The collection includes one Golden Ape BAYC, two MAYC, and one BAKC. Three Arrows Capital had invested heavily in NFTs. In February of last year, the liquidator of Three Arrows Capital stated in a court document that they planned to sell a large batch of NFTs valued at millions of dollars to offset some of the losses. The upcoming auction represents a significant development in the ongoing liquidation process of the defunct hedge fund.