Voyager Digital transferred about $9.4 million worth of altcoins to Coinbase


Crypto brokerage Voyager Digital, which is going through bankruptcy proceedings, transferred a total of ~$9.4 million in altcoins to Coinbase in the last 24 hours. This was noticed by PeckShield.

Voyager Digital transferred about $9.4 million worth of altcoins to Coinbase
Data: X.

Transfers on the Ethereum network included: 3,000 ETH, 200 billion SHIB, ~2.3 million MANA, 932,000 SAND, 135,000 APE, and ~1 million BAT. The company received approximately 21 million USDC from the exchange.

According to experts, Voyager also moved 200 BTC (~$5.8 million) and deposited part of these funds in the amount of 10.3 BTC on Binance.

In February, Lookonchain analysts recorded a sale of the broker’s assets for ~$56 million. In March, PeckShield specialists. noted the transfer to Coinbase of another $27.7 million in cryptocurrencies.

The company filed for bankruptcy in a New York court in July 2022. The broker’s estimated liabilities ranged from $1 billion to $10 billion.

In December, the Binance.US crypto exchange offered the highest price for Voyager assets — $1.02 billion.

However, regulators, including the US Securities and Exchange Commission and the New York State Department of Financial Services, opposed the deal. The court suspended the process of repurchasing assets; in April, the American division of Binance withdrew the application.

Recall that in May, Voyager announced the start of payments on obligations “within a few weeks.” According to court documents, lenders can expect a return of approximately 36% of the funds.

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