3AC-linked wallet bought NFT for $59K due to 3-year-old offer that wasn’t canceled

3AC-linked wallet bought NFT for $59K due to 3-year-old offer that wasn’t canceled

Arkham data shows that a wallet belonging to failed hedge fund 3AC spent $59,000 on the Neon Village NFT from artist Seerlight.

According to blockchain data, a wallet associated with failed crypto hedge fund Three Arrows Capital (3AC) purchased the Neon Village non-fungible token (NFT) for 20 Ether (ETH) on July 5, even though the fund is bankrupt. The transaction, which is valued at $59,821 based on current prices, occurred because of an offer that the wallet placed three years ago and never canceled.

The SuperRare Bot X channel, which often posts alerts when large sales are made on the Super Rare NFT marketplace, announced the sale. In the post, the buyer was identified as “abcdefg.” Some NFT collectors initially congratulated the two parties in replies.

NFT collector and X user Brian quickly realized a strange fact about the transaction: The offer for the NFT had been placed three years ago, an unusually long time for an offer to be made but not accepted or canceled. “The craziest part about this sale is that the bid was placed nearly 3 years ago,” Brian stated in a post. “I wonder if the buyer just forgot his eth was deposited in the SR contract this whole time.”

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Source: https://cointelegraph.com/news/3ac-linked-wallet-nft-3-year-old-offer-not-canceled