Over 300 NFTs are relocated to a new location by the Three Arrows Capital (3AC)

Numerous NFTs have reportedly been transferred from the 3AC-linked fund to a Gnosis Safe address.

According to blockchain service provider Nansen, approximately 300 non-fungible tokens (NFTs) have left Starry Night Capital, an NFT-focused fund established by the co-founders of the now-defunct hedge fund Three Arrows Capital (3AC).

Su Zhu, Kyle Davies, and NFT collector Vincent Van Dough under the alias of Su Zhu and Kyle Davies launched The Starry Night Capital last year. At the time, the fund intended to invest only in “the most coveted” NFTs available.

On October 4 on Twitter, blockchain data company Nansen highlighted that the NFTs, including “Pepe the Frog NFT Genesis,” which sold for 1,000 Ether (ETH) in October of last year and was worth $3.5 million at the time, were apparently transferred from a wallet connected to the fund.

The NFTs that were formerly amassed by Starry Night Capital are shifting to a Gnosis Safe address, according to Nansen.

Gnosis Safe is a platform for managing digital assets on the Ethereum network that gives users full control over their money and digital assets.

According to a Bloomberg report, the collection of paintings from the Starry Night Capital is worth about $35 million in total.

It occurs months after a British Virgin Islands court ordered the liquidation of Singapore-based cryptocurrency hedge fund 3AC, which led to the hiring of liquidation firm Teneo.