Taiwanese liquidity provider WOO Network has agreed with liquidator Teneo to buy back shares and tokens it sold in 2021. WOO agreed to cancel shares purchased by 3AC in its 2021 Series A funding and buy back 20 million WOO tokens worth approximately $3.4 million. The tokens were sent to a burn address or cryptocurrency wallet that is not accessible.

WOO raised $30 million in its Series A, although the investment amount from Three Arrows Capital was not disclosed. The 3AC fund filed for bankruptcy in July 2021 following the collapse of the $60 billion Terra Luna ecosystem, in which the fund had significant investments.