🚀Crypto enthusiasts, buckle up! Bankrupt crypto hedge fund Three Arrows Capital (3AC) is back in the news! Despite being in the middle of liquidation proceedings, 3AC's wallet managed to snag a "Neon Village" NFT for 20 ETH (around $60,000) on the SuperRare NFT marketplace. 🎨

This unexpected purchase was made possible due to an overlooked bid placed back in August 2021, before 3AC filed for bankruptcy. The bid was missed by Teneo, the company overseeing 3AC's liquidation, and was accepted by the NFT's previous owner.

3AC's financial troubles began with liquidity issues following the collapse of the Terra ecosystem, leading to a Chapter 15 bankruptcy filing in July 2022. This recent NFT acquisition has raised eyebrows and questions about the oversight of the liquidation process and the management of 3AC's assets.

This incident has left the NFT community puzzled and highlights the need for better oversight and management of assets during liquidation proceedings. It also underscores the volatile and unpredictable nature of the NFT market. 📉

The fate of 3AC's NFT collection remains up in the air. As the liquidation process continues, we're left wondering how the rest of the firm's NFT collection will be handled.

What are your thoughts on this? Let's discuss in the comments below! 👇