On-chain information exhibits that bankrupt crypto lender Voyager Digital seems to be promoting its belongings by means of Coinbase Exchange, in line with Lookonchain.
The blockchain sleuth reported that Voyager acquired at the least $100 million in USD Coin within the final three days.
The on-chain investigator added that Voyager has been sending completely different crypto belongings to the crypto change since February 14. Some of the belongings embody Ethereum, Shiba Inu, SushiSwap, Chainlink, and others. Cumulatively, these belongings are valued at over $100 million.
Lookonchain added that the lender presently holds $631 million value of crypto belongings — largely in ETH, USDC, and SHIB.
Voyager Previously Moved 250 Billion Shina Inu Tokens
Blockchain analytical agency Peckshield reported on Feb. 16 that Voyager had despatched $28.7 million value of belongings to Coinbase and Binance.
According to the agency, the lender despatched 250 Billion models of Shiba Inu tokens alongside 15,000 ETH tokens to the exchanges. It added that Voyager had acquired 105,000 models of ETH from bankrupt change FTX in September 2022.
Voyager – Binance.US Deal Under Scrutiny
Voyager was one of many a number of crypto companies that collapsed in 2022. The lender filed for chapter in July, citing risky market situations.
The lender is presently in the course of a possible sale to Binance.US for $1 billion. The deal is going through opposition from the US Securities and Exchange Commission (SEC) and different regulators.
The SEC claims that Binance.US has not proven whether or not it could full the transaction in compliance with federal securities legislation.
The regulator doubts Voyager’s skill to finish its deliberate asset restructuring by means of Binance’s acquisition. There are additionally considerations about whether or not Voyager can repay a few of its debtors’ belongings after its chapter.
Besides the SEC, one other regulator that opposes the deal is the US Federal Trade Commission (FTC). The fee mentioned it was investigating Voyager’s actions that constituted misleading and unfair advertising of cryptocurrency.
However, regardless of the opposition, Binance.US mentioned the deal would progress. The change added that clients ought to anticipate an electronic mail in regards to the subsequent steps.
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