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Worldcoin's WLD token could benefit Three Arrows Capital, FTX creditors
However, WLD prices may encounter headwinds as a token unlock worth $165 million will begin today, running through February 26, Token Unlocks data shows.
A more than 200% surge in Worldcoin's WLD tokens in the past week is apparently benefiting a key group of investors: creditors of bankrupt fund Three Arrows Capital (3AC), 3AC founder Su Zhu said on Monday. , in X.
However, WLD prices may encounter headwinds as a token unlock worth $165 million will begin this week and end on February 26, Token Unlocks data shows.
"I will not benefit from WLD's outperformance, but I am glad that 3AC's creditors have one of the largest positions in WLD in the world," Zhu said. "I got a lot of hate for this investment in worldcoins in 2021."
3AC participated in a $25 million round for Worldcoin developer Tools For Humanity, which valued the company at a $1 billion valuation, data from funding tracker Dealroom shows.
The company's exact WLD holdings are unknown, and its founders owe creditors more than $1.5 billion in investment losses, according to court documents.
Another group of creditors that could likely benefit is the FTX estate. In its October 2021 Series A, Worldcoin also received an investment from Sam Bankman-Fried (SBF), the founder and CEO of crypto exchange FTX, which has since gone bankrupt and Bankman-Fried faces fraud allegations.
Data tracked by SpotOnChain shows that wallets linked to Bankman-Fried's company received more than $185 million in WLD tokens in August 2023.
#WLD #WorldCoin. #WLDUSDT #WLD/USDT $WLD
However, WLD prices may encounter headwinds as a token unlock worth $165 million will begin today, running through February 26, Token Unlocks data shows.
A more than 200% surge in Worldcoin's WLD tokens in the past week is apparently benefiting a key group of investors: creditors of bankrupt fund Three Arrows Capital (3AC), 3AC founder Su Zhu said on Monday. , in X.
However, WLD prices may encounter headwinds as a token unlock worth $165 million will begin this week and end on February 26, Token Unlocks data shows.
"I will not benefit from WLD's outperformance, but I am glad that 3AC's creditors have one of the largest positions in WLD in the world," Zhu said. "I got a lot of hate for this investment in worldcoins in 2021."
3AC participated in a $25 million round for Worldcoin developer Tools For Humanity, which valued the company at a $1 billion valuation, data from funding tracker Dealroom shows.
The company's exact WLD holdings are unknown, and its founders owe creditors more than $1.5 billion in investment losses, according to court documents.
Another group of creditors that could likely benefit is the FTX estate. In its October 2021 Series A, Worldcoin also received an investment from Sam Bankman-Fried (SBF), the founder and CEO of crypto exchange FTX, which has since gone bankrupt and Bankman-Fried faces fraud allegations.
Data tracked by SpotOnChain shows that wallets linked to Bankman-Fried's company received more than $185 million in WLD tokens in August 2023.
#WLD #WorldCoin. #WLDUSDT #WLD/USDT $WLD
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
