Taiwan's WOO Network Annuls Three Arrows Capital Investment in Token Repurchase Deal

WOO Network, based in Taiwan, has entered into an agreement with Teneo, the entity responsible for managing the assets of the bankrupt hedge fund Three Arrows Capital. The agreement involves the repurchase of certain shares and tokens originally sold in the previous year. Under the agreement, WOO Network will nullify the shares that Three Arrows Capital had acquired during the 2021 Series A fundraising event. Additionally, the liquidity provider will buy back approximately 20 million WOO tokens, valued at approximately $3.4 million based on current market rates. These repurchased tokens...

source: https://tokenpost.com/WOO-Network-Strikes-Deal-with-Teneo-over-Bankrupt-Three-Arrows-Capitals-Assets-10809

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