Voyager Sells 400 Billion Shiba Inu (SHIB) By Cryptonizing

by time news

© Reuters. Voyager sells 400 billion Shiba Inu (SHIB)

New data reveals that bankrupt cryptocurrency lender Voyager Digital just sold hundreds of billions of meme tokens () on Coinbase (NASDAQ:).

According to blockchain tracking platform Lookonchain, the most recent Voyager sale includes the liquidation of SHIB 400 billion worth around $4.4 million.

In addition to the large SHIB transaction, Voyager also liquidated 27,255 () valued at $42 million, 11 million Voyager Token (VGX) valued at $6.3 million, and 160,000 (LINK) valued at $1 million.

Lookonchain also notes that Voyager has just received a total of 33,700,000 USD in coins (USD) from Wintermute Trading, Binance US and Coinbase.

Voyager has carried out similar transactions in recent weeks. Other notables include the transfer of 250 billion SHIB worth around $3.4 million to Coinbase and the transfer of 15,000 ETH worth $25.3 million to Coinbase and Binance.

Last July, Voyager was forced to halt customer withdrawals and deposits after cryptocurrency firm Three Arrows Capital failed to repay a loan worth hundreds of millions of dollars.

Voyager eventually filed for bankruptcy and reached an agreement to sell its assets and transfer its customers to Binance.US.

The deal isn’t final yet, but it just cleared a major hurdle after US bankruptcy judge Michael Wiles approved the deal, according to Reuters.

By Cryptonizing

You may also like

Leave a Comment