WOO Network to cut ties with Three Arrows Capital after share buyback

COURT Network said he had agreed has redemption all THE tokens And equity previously detained by collapsed hedge funds Three Arrows Capital.

News Join We on social networks

Cryptocurrency exchange COURT Network East together has to break up all remaining ties with bankruptcy Three Arrows Capital, After reach A regulation has buy back actions And tokens previously acquired by THE crypto hedge funds.

According to has A October. 11 Blog job, COURT reached A regulation agreement with Teneo — THE farm charge with liquidation THE 3AC domain — has purchase more that 20 million COURT tokens And additional actions that THE hedge funds had acquired during WOO series A funding round In Nov. 2021.

"We are happy has clear THE uncertainty related has 3AC Since THE COURT ecosystem. We proactively collaborated with THE liquidators has secure A fair agreement has redemption OUR actions And both acquired And acquisition tokens Since 3AC domain," said COURT co-founder Jack Tanning.

WOO announcement of THE redemption agreement on x. Source: WOO

COURT said THE redemption of actions And tokens East "has A attractive discount" — A move that will to break up all remaining ties has THE collapsed hedge funds And It is creditors.

As part of THE agreement, COURT Also agreed has Cancel 3AC actions And increase THE ownership of all other shareholders In proportion has THE canceled actions.

In addition, COURT claims that THE 20 million tokens he redeemed would be be sent has A burn address, deletion them Since THE circulated provide forever.

"THE pass 18 month to have seen A concentration of bad news hit OUR industry Since large scale chess has more too zealous regulators. A complete cleaning of THE system has taken place And We are look Before has reconstruction with OUR the partners And team," tan added.

Related: