Three Arrows Capital's (3AC) CryptoPunk NFTs to Be Auctioned off by Sotheby's

• Three Arrows Capital (3AC) declared bankruptcy in July 2022.
• The crypto hedge fund's investment vehicles were seized when it declared bankruptcy.
• Some of the seized NFTs are now listed in an auction.

Three Arrows Capital (3AC) investment vehicles came to a stall when it declared bankruptcy in 2022. The fiasco surrounding the crypto hedge fund, amplified by the Terra Labs and FTX debacle, led to one of the most chaotic years in the crypto sphere.

Now that the dust has settled with lesser contagions in the market, the capital firm's investment vehicles are looking to move, this time to a new owner.

Sotheby's, a famous auction house, is...

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