Taiwan-based liquidity provider WOO Network has repurchased the shares and tokens it sold to Three Arrows Capital.
WOO Network canceled the shares acquired by Three Arrows Capital (3AC) in its 2021 investment round and left the company 20 million WOO tokens took it back. Their current value is approximately $3.4 million at the level.
Tokens withdrawn from 3AC are stored in a non-public domain. to burn address sent.
WOO in its Series A investment round in 2021 30 million dollars collected, but it was not disclosed how much of this came from 3AC.
Three Arrow Capital, due to the collapse in the Terra Luna ecosystem Filed for bankruptcy in July 2021 found. Jack Tan, co-founder of WOO, from 3AC they took back He said the following about tokens:
“Resulting from 3AC in the WOO ecosystem We resolved the uncertainty We are glad for you. We worked in detail with the liquidators to ensure a fair deal when purchasing our shares. “We will work to fulfill our mission once the unrest resulting from the collapse of 3AC is over.”
WOO Network (NOO) is trading at $0.16, according to CoinGecko data, and its value has increased over the last six months. more than half lost. price though compared to this period last year higher.