3AC wallet buys NFT with 3-year-old offer, zkSync denies insider minting claims: Nifty Newsletter

A wallet owned by the bankrupt hedge fund Three Arrows Capital purchased an NFT via a three-year-old offer.

In this week’s newsletter, read about how a wallet owned by bankrupt crypto hedge fund Three Arrows Capital purchased non-fungible tokens (NFTs) with a three-year-old offer, and zkSync developer Matter Labs has refuted claims of insider minting for its Libertas Omnibus NFTs. In other news, find out how NFTs and blockchain connected Ethiopia’s past and present in an art exhibition. 

A wallet tied to bankrupt crypto hedge fund Three Arrows Capital (3AC) purchased a Neon Village NFT for 20 Ether (ETH) worth about $59,821 on July 5. The transaction stemmed from an offer the defunct crypto hedge fund placed three years ago.

The hedge fund filed for bankruptcy in July 2022, and its wallets are managed by liquidation firm Teneo. The funds for the Neon Village purchase had been in escrow since the offer was placed in 2021.

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