New data reveals that bankrupt crypto lender Voyager Digital just moved hundreds of billions of meme token Shiba Inu (SHIB) from Coinbase.

According to the blockchain-tracking platform Lookonchain, Voyager’s most recent sell off includes the liquidation of 400 billion SHIB worth about $4.4 million.

In addition to the large SHIB transaction, Voyager also unloaded 27,255 Ethereum (ETH) valued at $42 million, 11 million Voyager Token (VGX) valued at $6.3 million and 160,000 Chainlink (LINK) valued at $1 million.

“Voyager keeps selling assets! Voyager sold $56 million worth of assets in the past 24 hours, including:

27,255 ETH ($42 million)

11 million VGX ($6.3 million)

400 billion SHIB ($4.4 million)

160,000 LINK ($1 million)”

Lookonchain also notes that Voyager just received total of 33,700,000 USD coin (USDC) from Wintermute Trading, Binance US and Coinbase.

The blockchain-tracking platform provides a list of the $757.8 million worth of assets Voyager still has on hand, including a total of 459.8 million USDC.

“Voyager currently holding $757.8 million worth of assets, including:

459.8 million USDC

102,306 ETH ($157.7 million)

122.4 million VGX ($61.7 million)

4 trillion SHIB ($44.2 million)

1.28 million LINK ($8.5 million)

8.95 million MANA ($4.9 million)

6.6 million FTM ($2.4 million)

454,805 APE ($2 million)

3.44 million SAND ($2 million)

3.9 million ENJ ($1.55 million)

Voyager has conducted similar transactions in recent weeks. Other notable ones include moving 250 billion SHIB worth about $3.4 million to Coinbase and shifting 15,000 Ethereum worth $25.3 million to both Coinbase and Binance, the world’s largest crypto exchange platform by volume.

Last July, Voyager was forced to shut down customer withdrawals and deposits after crypto firm Three Arrows Capital was unable to pay back a loan worth hundreds of millions of dollars.

Voyager eventually filed for bankruptcy and came to an agreement to sell its assets and transfer its customers to Binance.US. The deal is not yet final, but it just cleared one big hurdle after U.S. Bankruptcy Judge Michael Wiles approved the deal, according to Reuters.

Shiba Inu is trading for $0.0000100 at time of writing.

#SHIB #voyager #koinmilyoner #buildtogether #bearMarket

Bankrupt North American crypto broker Voyager continues to dump Shiba Inu (SHIB) tokens despite positive development in the Binance US purchase of its assets. Less than eight hours ago, over 400 billion SHIB, equivalent to $4.45 million, were sold from one of the Voyager wallets.

In total, $38 million worth of cryptocurrencies were transferred from its two accounts to centralized exchanges by the broker today. Ethereum (ETH), Polygon (MATIC) and Fantom (FTM) were all subject to the sell-off, in addition to SHIB. Related

As became known a few hours before the next round of the sale, a court approved a deal for Binance US to buy Voyager's assets, even though the SEC and other regulators were against it. In addition, permission was granted to transfer customers of the bankrupt broker to the U.S. branch of the black-and-yellow crypto giant. The total amount of the deal is expected to be $1.3 billion.

#SHIB #voyager #Binance #buildtogether #binancepaymarketplace

Voyager, a bankrupt cryptocurrency trader, appears to have recently sold its assets via Coinbase.

On February 14, Voyager has been delivering assets to the cryptocurrency exchange and just got $100 million USDC from Coinbase.

On February 14, 2.24 trillion SHIB, equal to $28 million, were transferred from Voyager to Coinbase.

250 billion SHIB were sent to Coinbase twice. Following the enormous movements, the insolvent cryptocurrency broker now owns 6.5 trillion Shiba Inu (SHIB), which are valued $81 million.

Shibarium Update And Shiba Inu Burning

Shibburn tweeted that seven transactions totaling 4,719,423 SHIB tokens were completed throughout the course of the previous day.

Yet, throughout the past week, 30 transactions and a total of 37,373,963 SHIB tokens were burnt.

Shytoshi Kusama, the chief developer for Shiba Inu, changed his Twitter bio from a single full stop to three dots, which has led to more rumors about the Layer 2 Shibarium test debut. Three dots in a sentence frequently signify omission, stop, or the absence of something.

What message the SHIB lead developer wants to convey is still a mystery.

A Twitter account dedicated to BONE, the Layer 2 Shibarium, would highlight Shiba Inu. Shiba Inu stated:

"My expectation is that after Shibarium is published, the world's leading news agencies will talk about Shibarium and bone."

#SHIB #shibainu #voyager #Binance #crypto2023

Binance.US emerged as Voyager’s savior after FTX, its initial bidder, filed for bankruptcy last year.

Voyager’s lawyers stated that the bankrupt platform’s creditors could recover 73% of their losses.

The Department of Justice attorney, Peter Aronoff, is also looking to appeal Judge Wiles’ decision.

Binance.US, the American arm of the world’s biggest cryptocurrency exchange, marked a win on Tuesday after overcoming a major hurdle. The company has been the frontrunner in acquiring Voyager Digital’s assets and is now closer to making that happen.

Binance.US gains Voyager assets

Binance.US emerged victorious in New York on Tuesday after bankruptcy judge Michale Wiles overruled all objections against the proposed acquisition of Voyager Digital. Binance’s US arm recently initiated the $1 billion deal after FTX had to back out due to the exchange filing for bankruptcy. 

However, this did not sit well with some, such as the Securities and Exchange Commission (SEC), which raised objections to the deal. Judge Wiles concluded that the cavils by the regulators and other entities did not supersede the need for restructuring Voyager Digital. As a result, the $1 billion acquisition of the bankrupt lender’s assets was approved.

The ruling came with additional good news for Voyager Digital’s creditors, with the lender’s lawyers suggesting that affected creditors could recover 73% of what was owed. This is a significant rise from the previous estimates of 51%, which was accepted by creditors at the time when FTX was in talks of taking over.

Regulators have not given up

While the bankruptcy judge’s ruling is in favor of the exchange, it is still first in the line of many steps for Binance.US to complete the $1 billion acquisition. The cryptocurrency exchange would still need to gain the regulators’ approval, which might prove to be difficult given the regulatory bodies were the ones objecting to the deal.

One such attorney, Peter M. Aronoff, with the Department of Justice, stated that he is looking into potentially appealing the bankruptcy judge’s decision. Commenting on Judge Wiles’ decision Binance.US, he stated that it would focus on ensuring Voyager creditors regain control of their assets, adding,

“Our goal has always been to return customers their cryptocurrency on the fastest timeline possible and empower users to make their own decisions about their own assets.”

#binancepaymarketplace #buildtogether #crypto2023 #Binance #voyager