Teneo, the Three Arrows Capital liquidation company: Over 300 NFT assets transferred by Starry Night Capital will be liquidated

ChainCatcher news, Teneo, the liquidation company responsible for the bankruptcy proceedings of Three Arrows Capital (3AC), has confirmed that it holds custody of the NFT assets transferred from addresses related to Starry Night Capital. According to the company, the asset transfer is part of the liquidator's duties to identify and maximize asset recovery on behalf of all creditors.
According to Bloomberg, the estimated total value of the NFT collection owned by Starry Night Capital is approximately $35 million, while Three Arrows Capital's debts amount to $2.8 billion.
Previously, it was reported that over 300 NFTs were transferred from the address of Starry Night Capital, a fund supported by Three Arrows Capital, marking the first NFT transfer from Starry Night's address in four months. Starry Night Capital was co-founded in 2021 by Three Arrows Capital founders Su Zhu and Kyle Davies, along with NFT collector Vincent Van Dough. (source link)