Voyager sells $56 million well worth of cryptocurrencies

Bankruptcy cryptocurrency company Voyager has offered a substantial volume of cryptocurrencies in the previous 24 hrs soon after obtaining court approval for the sale to Binance.US.

According to blockchain information statistics of LookonchainCrypto wallet addresses linked to bankrupt cryptocurrency company Voyager have offered $56 million in assets in the previous 24 hrs.

Liquidated assets include things like 27,255 ETH ($42M), 11M VGX ($six.3M), 400B SHIB ($four.4M), 160,000 Hyperlink ($1M), and several other tokens this kind of as COMP, SUSHI, MRK, and so forth.

First/ #Traveler preserve promoting items!#Traveler offered $56 million well worth of assets in the previous 24 hrs, together with:

– 27.255 $ETH ($42 million)
– 11M $VGX ($six.three million)
– 400B $SHIB ($four.four million)
– 160,000 won $LINK ($one million)
…

And he obtained 33.seven million $USDC from Wintermute Trading, Binance US and Coinbase. pic.twitter.com/kx6BwSg2jl

— Lookonchain (@lookonchain) March 9, 2023

At the exact same time, Voyager obtained USDC 33.seven million from market place maker Wintermute, exchange Binance.US and exchange Coinbase.

Lookonchain Voyager mentioned Voyager even now holds $757.eight million in cryptocurrency, most of it in the kind of stablecoins USDC, ETH, and its very own VGX token.

two/ #Traveler now holds $757.eight million in assets, together with:

– 459.8M $USDC
– 102.306 $ETH ($157.seven million)
– 122.four million $VGX ($61.seven million)
– four billion $SHIB ($44.two million)
– one.28 million $LINK ($eight.five million)
– eight.95M $MANA ($four.9 million)
– six.six million $FTM ($two.four million)
– 454.805 $APE ($two million)
– three.44 million $SAND ($two million)
– three.9 million $ENJ ($one.fifty five million)
… pic.twitter.com/tcgTMQszgY

— Lookonchain (@lookonchain) March 9, 2023

Voyager constantly carried out crypto revenue transactions on several US crypto exchanges in February to increase USDC, with an estimated worth of $105 million. The corporation has nevertheless to make an official announcement on these transactions, but it is probably to correct the worth of the assets to serve clearing small business for traders who have been caught on the platform because July 2022.

On March eight, a New York court judge agreed to carry on Binance’s $one billion acquisition of Voyager, regardless of objections from the SEC and the New York state government.

Voyager Side: Binance.US might quickly announce an investor compensation procedure, which will most probably call for Voyager customers to open a trading account on Binance.US to get their assets back, equivalent to what FTX advised when the exchange has reached an agreement to acquire Voyager ahead of bankruptcy.

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