Dogecoin Community Exploration
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Jul / 05
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- 3AC wallet buys NFT due to bid placed three years ago missed by liquidators
- Jul 05, 2024 at 09:00 pm The Block Crypto News
- A bankrupt crypto hedge fund, Three Arrows Capital (3AC), unexpectedly purchased an NFT despite ongoing liquidation proceedings. A previously placed bid from 2021 was accepted, revealing that liquidators missed the opportunity. The NFT was confirmed on the blockchain, while the funds used were kept in an escrow account, making them invisible during liquidation. This purchase adds to the aftermath of 3AC's 2022 bankruptcy, which led to the arrest and release of its co-founders and the closure of their subsequent platform.
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