Three Arrows Capital fund moves over 300 NFTs to a new address

According to blockchain provider Nansen, hundreds of NFTs have been moved from the 3AC-linked fund to a Gnosis Safe address.

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Three Arrows Capital fund moves over 300 NFTs to a new address

Starry Night Capital, a nonfungible-token (NFT)-focused fund launched by the co-founders of the now-bankrupt hedge fund Three Arrows Capital (3AC), has moved over 300 NFTs out of its address, according to reports.

The Starry Night Capital was founded last year by Su Zhu and Kyle Davies, and pseudonymous NFT collector Vincent Van Dough. At the time, the fund planned to exclusively invest in “the most desired” NFTs on the market.

Blockchain data provider Nansen on Oct. 4 on Twitter noted that the NFTs were reportedly shifted from a wallet associated with the fund, including “Pepe the Frog NFT Genesis,” which sold for 1,000 Ether (E TH) in October last year, worth $3.5 million at the time.

Nansen said the NFTs previously collected by Starry Night Capital are moving to a Gnosis Safe address.

Gnosis Safe is a platform used to manage digital assets on Ethereum, givin