Bankrupt 3AC Capital Buys NFT Amidst Liquidation
3AC’s wallet successfully purchased a “Neon Village” NFT for 20 ETH ($60,000) during liquidation proceedings. The bid was placed in August 2021 and overlooked by Teneo, the company handling the liquidation. 3AC filed for Chapter 15 bankruptcy in July 2022 due to liquidity issues following the collapse of the Terra ecosystem. The incident highlights the need for better oversight and management of assets during...