Lookonchain, a blockchain analytical tool, recently reported that Voyager, a centralized finance (CeFi) platform previously filed for bankruptcy, has successfully sold 1,449 ETH through the renowned crypto market maker Wintermute. The trade resulted in Voyager receiving a substantial sum of 2.25 million USDC, with each ETH token being sold for $1,553. Lookonchain shared this information via their official Twitter account.
In July 2022, Voyager filed for bankruptcy, and as of mid-February 2023, the company has been actively engaged in a selling spree. Lookonchain said Voyager transferred millions of dollars to Coinbase using a diverse range of cryptocurrencies, including Ether, Shiba Inu, and Chainlink. Impressively, Voyager utilized 23 different tokens to execute these transfers.
In the wake of recent developments, Lookonchain has reported that Voyager has received a staggering payment of up to 100 million USDC for their sold tokens. Furthermore, the sale of 1,449 ETH for 2.25 USDC indicates a continuation of the significant sell-off previously reported. These findings suggest that Voyager is making strategic moves to optimize their financial position in the market.
According to reports, Voyager currently boasts an impressive portfolio of cryptocurrency tokens valued at up to $530 million. Amongst these holdings, the company’s Ethereum stash stands at a noteworthy $276 million, while their investment in the popular meme coin, Shiba Inu, amounts to a substantial $81 million. These two assets represent Voyager’s most significant crypto positions.
On March 2nd, Voyager executed a transfer of significant value to Coinbase. The transaction included 4,000 ETH, valued at $6.6 million, 300 billion SHIB, valued at $3.7 million, and 5 million VGX, valued at $2 million. Before this transfer, Voyager reportedly received 68 billion SHIB, equivalent to $820,000, from a static address that had not been active for two years. This address had previously received 68 billion SHIB, valued at $528,000. The details of this transaction highlight the importance of vigilance and caution in managing digital assets.
The SEC has objected to Binance.US’s proposed acquisition of Voyager’s assets worth over $1 billion. The regulatory body has filed a submission with the U.S. Bankruptcy Court for the Southern District of New York, citing concerns that the sale may not comply with federal securities laws. This development highlights the importance of adhering to regulatory guidelines in all financial transactions.
