Voyager came into Action, Selling Assets via Coinbase

Voyager came into Action, Selling Assets via Coinbase

According to the findings of the on-chain investigator, the defunct cryptocurrency lender Voyager transmitted millions of cryptocurrencies via Coinbase and received approximately $100 million USDC over the course of the last three days.

The defunct centralized finance (CeFi) infrastructure known as Voyager showed signs of activity, according to the on-chain analyst lookonchain. From the 14th of February, Voyager has been moving cryptocurrency holdings over to Coinbase on a regular basis.

In the meantime, the major cryptocurrency exchange known as Coinbase seems to be the method of transaction for cryptocurrencies, and Voyager has been the recipient of approximately $100 million worth of USDC up to this point. About that particular fund, the creditor has sent many cryptocurrencies, including Ethereum, SHIB, Uni, Chainlink, SAND, and Enjin Coin, amongst others.

According to the findings of the investigation, Voyager has roughly $631 million worth of digital assets, some of which include ETH, SHIB, USDC, Link, APE, and other cryptocurrencies and tokens. Incidentally, the greatest weightage of Ethereum, which is almost 172,223 ETH and is worth $276 Million, is held by Voyager.

Similarly, on 16 Feb. another investigator firm PackShieldAlert noticed that bankrupt Voyager had sent $28.7 million worth of cryptocurrencies Including 15K ETH and 250 Billion SHIB to large crypto exchanges, Coinbase and Binance.  

PeckShieldAlert Report on Voyager
Source: PeckShieldAlert 

One of the companies dealing in cryptocurrencies that went bankrupt a year ago owing to the tremendous volatility of the market was Voyager. In the midst of Voyager’s one billion dollar acquisition, the United States Securities and Exchange Commission (SEC) voiced opposition to Binance.

Compiled by Coinbold