Voyager is liquidating assets, including 2.2 trillion SHIB: report

Voyager reportedly received $100 million in USDC since 24 February.
Crypto assets sold include 2.24 trillion Shiba Inu and over 15,600 Ether.
Voyager filed for Chapter 11 bankruptcy in July 2022.

Voyager Digital, the crypto lender that filed for bankruptcy in July 2022 amid broader market contagion, has reportedly been selling some of its assets.

Per on-chain data shared by Lookonchain, the Voyager team has recently sold digital assets through US-based cryptocurrency exchange Coinbase. The company is said to have received roughly $100 million in the USD Coin (USDC) stablecoin for sales of tokens such as Shiba Inu, Ethereum and the native Voyager Token.

1/ It seems that #Voyager is selling assets through #Coinbase.

We noticed that #Voyager has received 100M $ USDC from #Coinbase in the past 3 days.

And #Voyager has sent assets to #Coinbase almost every day from Feb 14.

— Lookonchain (@lookonchain) February 26, 2023

Voyager has sold over $100 million in multiple crypto assets

As reported by Lookonchain, Voyager started receiving the USDC on 24 February 2023, with the sales having begun on 14 February. 

The tokens sent to Coinbase include 2.24 trillion Shiba Inu (SHIB) worth $28 million, 15,635 Ether (ETH) worth $25 million and 640,000 Chainlink (LINK) worth over $4.74 million.

Voyager has reportedly also sold 28.5 million of its native token VGX for $12.85 million, 350,000 Uniswap (UNI) for $2.28 million and 3.26 million of Decentraland (MANA) worth $2.15 million. In total, Voyager sold tokens daily, with about 23 crypto assets sent to Coinbase exchange, the on-chain sleuth noted.

As of 25 February, Voyager held roughly $631 million in crypto, including over 172,000 ETH worth about $276 million, $186 million in USDC and over 6.5 trillion SHIB worth about $81 million.

The post Voyager is liquidating assets, including 2.2 trillion SHIB: report appeared first on CoinJournal.

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