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 discussions are expected to be interesting to watch out given the regulatory scrutiny increasing in recent weeks.

A collection of prized NFTs purchased by Three Arrows Capital (3AC), the failed crypto hedge fund, will soon be put up for sale. 3AC’s liquidators, Teneo, notified interested parties about the sale on Feb. 22, according to a filing. Christopher Farmer, a senior managing director at Teneo, wrote that the purpose of the sale “is to realize the value of the NFTs for the purposes of the liquidation,” adding that it is expected to commence within 28 days of the notice. (The Block)

Blockchain.com, the early Bitcoin wallet provider and exchange that boasted a $14 billion valuation as recently as last March, has been attempting to sell off assets in a scramble for capital. 

Following the recent court filing from liquidators for Three Arrows Capital (3AC) claiming frustration with the 3AC co-founders for allegedly failing to respond to subpoenas sent via Twitter. Su Zhu, one of the co-founders, recently tweeted about his new crypto venture, Open Exchange. The exchange aims to provide users with the ability to trade or use portfolio margin with claims against bankrupt cryptocurrency firms.

Some claimants of bankrupt cryptocurrency exchange FTX are banking their hopes on recovering some money through a new venture set up by the co-founders of prominent bankrupt cryptocurrency hedge fund Three Arrows Capital (3AC).

The launch of the exchange project backed by the bankrupt hedge fund Three Arrows Capital (3AC) attracted a mob of angry community members who took to Twitter, expressing their disappointment with the state of the crypto space. 

Founders of bankrupt crypto hedge fund Three Arrows Capital Zhu Su and Kyle Davies, in collaboration with CoinFLEX co-founders, have launched the “first public marketplace for crypto claims” Open Exchange.

The liquidators overseeing crypto hedge fund Three Arrows Capital’s bankruptcy proceedings have asked the judge to compel co-founder Kyle Davies to cooperate, according to a new court filing.

Time will tell if GTX is successful in this initial funding round. I doubt this is the last we will hear of Su Zhu and Kyle Davies whose physical whereabouts still remain unknown.