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

A wallet linked to the bankrupt crypto hedge fund Three Arrows Capital (3AC) recently bought the Neon Village non-fungible token (NFT) for 20 Ether ($59,821), due to a three-year-old offer that was never canceled. The purchase was flagged by the SuperRare Bot X channel, which identified the buyer as “abcdefg.”

NFT collector Brian pointed out that the offer, placed on August 21, 2021, remained unaccepted or canceled for nearly three years. The wallet, labeled on Arkham Intelligence as “Three Arrows Capital: OpenSea User (0xFf4),” sent significant amounts of ETH to 3AC, indicating ownership or a close financial connection.

Three Arrows Capital, which filed for bankruptcy in July 2022, currently has its wallets managed by the liquidation firm Teneo. However, the funds for the Neon Village purchase were held in escrow on the SuperRare marketplace, likely hidden from typical wallet balance views.

Neon Village, created by SeerLight, was originally minted and sold for 7 ETH on July 24, 2021, and later resold for 100 ETH. The recent sale resulted in a significant loss for the previous owner, while SeerLight earned a 2 ETH royalty.

The NFT marketplace experienced a surge in sales in the second quarter of 2024, reaching $4 billion in volume, the highest since early 2023.

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