Fun

3AC-linked wallet bought NFT for $59K due to 3-year-old offer that wasn’t canceled

News Feed - 2024-07-06 05:07:01

Christopher Roark3 hours ago3AC-linked wallet bought NFT for $59K due to 3-year-old offer that wasn’t canceledArkham data shows that a wallet belonging to failed hedge fund 3AC spent $59,000 on the Neon Village NFT from artist Seerlight.602 Total views11 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksAccording to blockchain data, a wallet associated with failed crypto hedge fund Three Arrows Capital (3AC) purchased the Neon Village non-fungible token (NFT) for 20 Ether (ETH) on July 5, even though the fund is bankrupt. The transaction, which is valued at $59,821 based on current prices, occurred because of an offer that the wallet placed three years ago and never canceled.


The SuperRare Bot X channel, which often posts alerts when large sales are made on the Super Rare NFT marketplace, announced the sale. In the post, the buyer was identified as “abcdefg.” Some NFT collectors initially congratulated the two parties in replies.Source: SuperRare Bot


NFT collector and X user Brian quickly realized a strange fact about the transaction: The offer for the NFT had been placed three years ago, an unusually long time for an offer to be made but not accepted or canceled. “The craziest part about this sale is that the bid was placed nearly 3 years ago,” Brian stated in a post. “I wonder if the buyer just forgot his eth was deposited in the SR contract this whole time.”


Blockchain data confirms that the buyer placed an offer of 20 ETH for token ID # 26497 (Neon Village) on Aug. 21, 2021, nearly two years and 11 months before it was accepted by the seller.


On the Arkham Intelligence platform, the buyer is labeled as “Three Arrows Capital: OpenSea User (0xFf4),” implying that the wallet is owned by the failed hedge fund. In addition, the account sent 2,615.65 ETH (worth $7.8 million at the time) to Three Arrows Capital on Aug. 1, 2021, which implies that the account is either owned by the hedge fund or is one of its creditors or debtors.


X user Vombatus eventually realized who purchased the art piece. In a reply to Brian’s post, they stated, “It was the 3AC wallet LMAO.”Source: Vombatus


Three Arrows Capital filed for bankruptcy in July 2022. Its wallets are currently under the control of liquidation firm Teneo. However, the funds used for the Neon Village purchase have been held in the SuperRare marketplace escrow ever since the offer was placed in 2021, and most wallet apps would not have shown it as part of the balance.


Related:Davies sought full treasury allocation days before 3AC fall: LayerZero CEO


According to SuperRare marketplace documents, an offer can be withdrawn at any time, as long as it has not yet been accepted by the seller.


Neon Village was created by illustrator and animator SeerLight. It was minted on July 24, 2021 and sold that day for 7 ETH (approximately $15,301 at the time). On Oct. 13, 2021, the owner resold it to Ethereum user Anonymoux.eth for 100 ETH ($360,755), who held it until they sold it to the 3AC associated account on July 5.


Anonymoux lost more than $300,000 on the sale, while Seerlight earned a royalty of 2 ETH ($5,964) from it.


NFT marketplace sales surged in the second quarter of 2024, reaching a volume of $4 billion, the highest level since the first quarter of 2023.


Magazine:Ethereum’s recent pullback could be a gift: Dynamo DeFi, X Hall of Flame# Marketplace# Ethereum# Art# Crypto Collectibles# NFTAdd reaction

News Feed

Malaysia cracks down on crypto tax evaders with Ops Token
Ezra Reguerra13 hours agoMalaysia cracks down on crypto tax evaders with Ops TokenIRB official Datuk Abu Tariq Jamaluddin warns crypto traders to declare taxes or face compliance actions.2177 Total views13 Total sharesLi
XRP Price Marks $2.13 And $2.92 As Primary Fibonacci Levels, What Happens When Wave 2 Begins?
Este artículo también está disponible en español. Technical analysis of the XRP price has revealed the creation of corrective waves in light of the recent correction sinc
SD Governor Urges 20 States to Block Legislation That Bans Crypto’s Use as Money — Says ‘Its a Threat to Our Freedom’
SD Governor Urges 20 States to Block Legislation That Bans Crypto"s Use as Money — Says "Its a Threat to Our Freedom" South Dakota Governor Kristi Noem has vetoed a bill that ban
Eastern Europe Sends Over $800 Million in Crypto to Scams in Single Year, Report Reveals
Eastern Europe Sends Over $800 Million in Crypto to Scams in Single Year, Report Reveals Of all funds sent to illicit cryptocurrency addresses from Eastern Europe, scams attract th
Venezuelan Bolivar Plunges as Central Bank Stops Intervening and Public Spending Rises
Venezuelan Bolivar Plunges as Central Bank Stops Intervening and Public Spending Rises The exchange rate of the Venezuelan bolivar, the national fiat currency of the country, has p
Brayden Lindrea8 hours agoCrypto scams are down 77% — but this exploit is making a huge comebackAttackers of this kind are supposedly "big game hunting” large-scale organizations with deep pockets to extract ”
Proof-of-Reserves Concept Gains Traction as Major Crypto Exchanges Provide Wallet Lists and Promise Full Audits
Proof-of-Reserves Concept Gains Traction as Major Crypto Exchanges Provide Wallet Lists and Promise Full Audits When it was first discovered that FTX might be insolvent, a large sl
DCA – The ‘Boring,’ Sensible Bitcoin Investment That Could Double Your Money in 2.5 Years
DCA - The "Boring," Sensible Bitcoin Investment That Could Double Your Money in 2.5 Years Dollar Cost Averaging (DCA) as a crypto investment method may not be the most thrilling
Trump Signs Largest Relief Bill in US History: When Will Americans Get Stimulus Checks
Trump Signs Largest Relief Bill in US History: When Will Americans Get Stimulus Checks U.S. President Donald Trump has signed into law what he calls the largest single economic r
Yashu Gola11 hours agoWhy is Ether (ETH) price up today?Ether’s price is up today, recovering entirely from yesterday’s sell-off amid waning FTX liquidation concerns.29003 Total views201 Total sharesListen to article
Market Shockwave Ahead? Ethereum Could Crash Over 60%, Analyst Says
Este artículo también está disponible en español. Like most digital assets, Ethereum witnessed a correction this week by losing over 5% in the last 24 hours while trading
Tom Blackstone5 hours agoUnstoppable Domains launches instant messaging with XMTPUnstoppable Domains now allows owners of .crypto, .polygon and other Web3 usernames to send messages to each other through multiple messagi