Voyager Transfers Its SHIB and ETH, Here’s Where It Went

August 13, 2023 4:50 am Comments

The now-bankrupt crypto brokerage Voyager has finally transferred its remaining SHIB and ETH holdings.

Voyager reached a deal to transfer 250 billion SHIB valued at $2.7 million to Coinbase.

The now-defunct crypto brokerage also transferred 1,500 ETH with a value of $2.77 million to Coinbase too.

Here’s the chain data:

Per News BTC:

Voyager Digital has been busy in recent months as it looks to sell its remaining crypto holdings on centralized exchanges. In its latest move, the bankrupt crypto brokerage has transferred millions in SHIB and ETH to Coinbase. According to on-chain data, Voyager moved SHIB and ETH tokens to Coinbase’s ledger on Friday, August 11.

Voyager has been selling off assets since the beginning of the year. Specifically, the latest on-chain transactions show that Voyager moved a total of $5.5 million in crypto to Coinbase. The transactions consisted of 1,500 ETH sent in two transactions.

Before being moved to Coinbase, 1,000 ETH and 500 ETH, with a combined value of $2.77 million, were sent to separate wallets. Another 250 billion SHIB valued at $2.7 million was then sent to Coinbase.

On-chain data also shows that Voyager has been moving all its token holdings to its primary address. This likely means the company is consolidating its crypto assets before moving them to crypto exchanges.

Before its collapse, Voyager sponsored NASCAR driver Landon Cassill’s car.

Take a look:

There’s suspicions about the move by Voyager.

Per Cointelegraph:

Bankrupt cryptocurrency lender Voyager Digital transferred 1,500 Ether worth around $2.77 million and an additional 250 billion Shiba Inu worth roughly $2.7 million, to crypto exchange Coinbase on Aug.11, according to Etherscan.

The motive behind the transactions has triggered speculation within the broader crypto community. One theory suggests a probable sell-off, given that the transfers have diminished the distressed crypto lender’s wallet holdings to $81.63 million of digital assets.

The transactions occurred at one-hour intervals, according to Etherscan. The abrupt movement of the tokens has triggered discussions regarding a possible liquidation. However, some sources say that Voyager is consolidating all tokens from various addresses into a primary address.

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