WOO Network repurchases 20 Million WOO Tokens from 3AC. Woo has also cancelled shares purchased by the Three Arrows Capital (3AC). The 20 Million tokens were sent to a burn address. Taiwan-based liquidity provider, WOO Network, has finalized a pivotal agreement with Three Arrows Capital (3AC) liquidators, marking a significant step in their mission to regain control of their financial future. Three Arrows Capital’s filing for bankruptcy in July 2021 was triggered by a financial meltdown driven by excessive leverage. This crisis coincided with the tumultuous collapse of the $60 billion Terra Luna ecosystem , in which 3AC held substantial investments. In a move that clears the uncertainty surrounding 3AC’s involvement, WOO Network has repurchased shares and tokens initially sold to the bankrupt hedge fund during its 2021 Series A fundraising. 20M WOO Network tokens sent to burn address Besides repurchasing the 20 million WOO Tokens worth approximately $3.4 million at current mar...