- Voyager obtained 2.25 million USDC after promoting 1,449 ETH at $1,553 per token.
- The bankrupt CeFi reportedly launched into a promoting spree in the midst of February 2023.
- Regardless of the gross sales, Voyager reportedly holds as much as $530 million in varied cryptocurrency tokens.
The blockchain analytical instrument, Lookonchain, tweeted that Voyager, the bankrupt centralized finance (CeFi) platform, offered 1,449 ETH through the main crypto market maker, Wintermute. Based on Lookonchain, Voyager obtained 2.25 million USDC for the commerce after promoting every ETH token for $1,553.
Voyager filed for chapter in July 2022 and has reportedly launched into a promoting spree for the reason that center of February 2023. Earlier within the month, Lookonchain reported that the defunct monetary firm transferred hundreds of thousands of {dollars} to Coinbase utilizing a number of cryptocurrencies, together with Ether, Shiba Inu, and Chainlink. Altogether, Voyager used 23 completely different tokens to hold out the transfers.
Days after, on February 24, Lookonchain reported that Voyager obtained as much as 100 million USDC as cost from offered tokens. The current sale of 1,449 ETH for two.25 USDC suggests a continuation of the large sell-off earlier reported.
Voyager reportedly holds as much as $530 million in varied cryptocurrency tokens. Of this quantity, the corporate’s ETH holding is round $276 million, whereas it additionally holds $81 million in Shiba Inu, the flagship meme coin. These two characterize Voyager’s prime two crypto shares.
On March 2, Voyager transferred 4,000 ETH, price $6.6 million, 300 billion SHIB, price $3.7 million, and 5 million VGX, price $2 million to Coinbase. Forward of the switch, the defunct monetary platform reportedly obtained 68 billion SHIB, equal to $820,000 from a dormant tackle whose final transaction was two years in the past when it obtained 68 billion SHIB, price $528,000 on the time.
The USA Securities and Change Fee (SEC) lately objected to a transfer by Binance.US to accumulate over $1 billion of property belonging to Voyager. In a submitting submitted to the U.S. Chapter Courtroom for the Southern District of New York, the SEC alleged that Binance.US couldn’t conduct such gross sales in compliance with federal securities legal guidelines.
