On the edge of financial collapse, it has been suggested that Three Arrows Capital's NFT holdings amount to $7.5 million.

After filing for bankruptcy last week, the Singapore-based hedge fund Three Arrows Capital (3AC) reportedly owns multiple NFTs, including Cryptopunks and Bored and Mutant Apes, valued collectively at over $7.5 million.

According to the data by  Dune Analytics , 3AC owns the following NFTs: 

• 11 CryptoPunks worth $3,012,393
• 330 Art Blocks Curated worth $2,482,149
• 8 PEGZ worth $613,273
• 4 DeafbeefV2 worth $564,018
• 3 Autoglyphs worth $304,025
• 7 Art Blocks worth $125,239
• 2 Mutant Ape Yacht Club worth $122,348
• 7 Chromie Squiggle worth $73,784
• 1 Bored Ape Yacht Club worth $61,909
• 4 Cypher worth $48,923

The total worth of 3AC's digital wallet stands at $42,320,645, predominantly comprised of stablecoins, with no transactions recorded since June 21.

A court in the British Virgin Islands has mandated the liquidation of the firm, and a Chapter 15 bankruptcy filing has taken place in New York. Sources indicate that earlier this year, 3AC, which had nearly $10 billion in managed assets, defaulted on a $670 million loan from Voyager Digital, a cryptocurrency brokerage. had Su Zhu, one of the co-founders of 3AC, is reportedly attempting to sell his lavish $35 million property in Singapore.

A credible insider has confirmed that Su Zhu is in urgent need of offloading his $35 million residence, which is currently in a trust for his son. He plans to transfer the proceeds to a bank account in Dubai without intending to repay his creditors.

Earlier this year, Three Arrows Capital invested a staggering $200 million in Luna, a venture that faced challenges in May following the dramatic decline in cryptocurrency values, exacerbating the firm’s financial woes.

— FatMan (@FatManTerra) June 30, 2022

According to  The Wall Street Journal The downturn in the cryptocurrency market capitalization resulted in significant losses, driving multiple companies in the sector to collapse. collapsed Major players like Netflix, Google, and Meta have been affected by substantial sell-offs from hedge funds.

Lacoste has introduced a fresh NFT initiative titled Undw3, aimed at empowering its DAO community to co-create. wiped out It’s important to note that the information on this page should not be construed as legal, tax, financial, or investment advice. Always invest only what you can afford to lose and consider seeking independent financial counsel. For more information, please check the issuer or advertiser's terms, conditions, and support pages. MetaversePost strives for reliable and impartial reporting, but market situations can change without notice.

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• Agne is a journalist at Metaverse Post, focusing on the evolving landscape of the metaverse, artificial intelligence, and Web3 technology. Her dedication to storytelling drives her to interview diverse experts in these fields, searching for captivating narratives. With a Bachelor’s degree in literature and a rich writing experience covering travel, culture, and art, she has also volunteered in animal rights journalism to advocate for animal welfare. Feel free to reach out to her at
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