Three Arrows Capital fund moves over 300 NFTs to new address

According to blockchain provider Nansen, hundreds of NFTs have been moved from the 3AC-linked fund to a Gnosis Safe address.

Starry Night Capital, a fund focused on non-fungible tokens (NFTs) launched by co-founders of now-bankrupt hedge fund Three Arrows Capital (3AC), has moved more than 300 NFTs out of its address, according to reports. reports.

Starry Night Capital was founded last year by Su Zhu, Kyle Davies and pseudonymous NFT collector Vincent Van Dough. At the time, the fund planned to invest exclusively in the "most sought-after" NFTs on the market.

Blockchain data provider Nansen on October 4 on Twitter noted that NFTs were allegedly transferred from a wallet associated with the fund, including Pepe the Frog NFT Genesis, which sold for 1,000 Ether ( ETH) in October last year, worth $3.5 million at the time.

Nansen said NFTs previously collected by Starry Night Capital are transferred to a Gnosis Safe address.

Gnosis Safe is a platform used to manage digital assets on Ethereum, providing users with complete self-custody over funds and digital assets.

A Bloomberg report estimates the total value of the Starry Night Capital collection to be approximately $35 million.

NFTs previously collected by Starry Night Capital are forwarded to a Gnosis Safe address.

These NFTs include:- Pepe the Frog NFT Genesis, sold for 1,000 ETH (~$3.5 million) on October 5, 2021- Fidenza #718, sold for 240 ETH (~$1.1 million) November 13, 2021

Some other notable NFTs below...