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A company called Voyager that couldn’t pay its debts has moved a lot of digital tokens to Coinbase, a place where people trade cryptocurrencies.
They moved 1500 Ethereum (which is worth $2.77 million) and 250 billion Shiba Inu (which is worth $2.7 million) to Coinbase recently. It seems like they are doing this to sell their assets and give back money to the people who used their service, but in US dollars.
Voyager began as a crypto broker without fees in 2019. But in July 2022, they asked for bankruptcy.
Voyager gave its users two choices: they could take out 35.72% of their tokens if they asked between June 20 and July 5, or wait for 30 days for Voyager to sell the tokens and pay in US dollars
A company called Arkham Intel, which knows about crypto, says there are about $81.63 million worth of cryptocurrencies left on Voyager’s account. They might sell all of these tokens soon because Voyager is moving them from one place to another.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.