3AC connected wallet bought NFT for $59K with 3 year discount not canceled
According to blockchain data, a wallet associated with crypto hedge fund Three Arrows Capital (also known as “3AC”) bought a Neon Village Invulnerable Token (NFT) for 20 Ether (ETH) on July 5, despite the money. Bankrupt. The transaction, which is valued at $59,821 at current prices, came about by offering a wallet that was never canceled three years ago.
The SuperRare Bot X channel has announced its sale, which often posts big sale alerts on the Super Rare NFT marketplace. In the post, the buyer is identified as “abcdefg”. Some NFT collectors initially congratulated the two parties on their return.
NFT collector and X user Brian quickly realized a strange fact about the transaction: the offer for the NFT had been made three years earlier, an unusually long period of time for the offer to be submitted, but it was neither accepted nor canceled. “The craziest thing about this sale is that the bid was made 3 years ago,” Brian said in a post. “I think the buyer forgot it was put in the SR contract all this time.”
Blockchain data confirms that the buyer submitted 20 ETH for ID #26497 (Neon Village) on August 21, 2021, two years and 11 months before it was accepted by the seller.
On the Arkham Intelligence forum, the buyer is named “Three Arrows Capital: OpenSea User (0xFf4)”, indicating that the wallet is owned by the failed hedge fund. Additionally, the account sent 2,615.65 ETH (worth $7.8 million at the time) to Three Arrows Capital on August 1, 2021, indicating that the account is owned by a hedge fund or one of its lenders or borrowers.
X user VOMBATUS finally found out who bought the artwork. In response to Brian's post, he said, “The 3AC Wallet was LMAO.”
In July 2022, Three Arrows Capital filed for bankruptcy. The wallets are currently controlled by Teneo Company. However, the funds used to purchase Neon Village have been held on the SuperRare Marketplace since the offer was made in 2021, and most wallet apps would not have shown it as part of the balance.
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According to the Super Rare Marketplace documentation, the offer may be canceled at any time as long as it has not yet been accepted by the seller.
Neon Village was created by illustrator and animator SeerLight. In the year It was created on July 24, 2021 and sold that day for 7 ETH (about $15,301 at the time). In the year On October 13, 2021, the owner resold it to Ethereum user Anonymux.eth for 100 ETH ($360,755), who held it until they sold it to the 3AC affiliate account on July 5.
Anonymousmox lost over $300,000 on the sale, while Sirlite earned 2 ETH ($5,964) in royalties.
NFT marketplace sales increased in the second quarter of 2024, reaching $4 billion, the highest level since the first quarter of 2023.
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