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Voyager Reportedly Promoting Belongings Through Coinbase – BeInCrypto

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On-chain information exhibits that bankrupt crypto lender Voyager Digital seems to be promoting its belongings by way of Coinbase Alternate, based on Lookonchain.

The blockchain sleuth reported that Voyager acquired no less than $100 million in USD Coin within the final three days.

The on-chain investigator added that Voyager has been sending totally different crypto belongings to the crypto trade since February 14. Among the belongings embrace 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.

Supply: Lookonchain

Voyager Beforehand 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.

Supply: Peckshield

In response 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 trade FTX in September 2022.

Voyager – Binance.US Deal Below Scrutiny

Voyager was one of many a number of crypto corporations that collapsed in 2022. The lender filed for chapter in July, citing unstable 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 Alternate Fee (SEC) and different regulators.

The SEC claims that Binance.US has not proven whether or not it may well full the transaction in compliance with federal securities legislation.

The regulator doubts Voyager’s means to finish its deliberate asset restructuring by way of Binance’s acquisition. There are additionally issues about whether or not Voyager can repay a few of its debtors’ belongings after its chapter.

In addition to the SEC, one other regulator that opposes the deal is the US Federal Commerce Fee (FTC). The fee mentioned it was investigating Voyager’s actions that constituted misleading and unfair advertising and marketing of cryptocurrency.

Nonetheless, regardless of the opposition, Binance.US said the deal would progress. The trade added that clients ought to count on an electronic mail concerning the subsequent steps.


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