Cryptocurrency company Voyager has moved a significant amount of its holdings to Coinbase as part of its bankruptcy proceedings. The transferred assets include 1,500 ETH, valued at approximately $2.77 million, and 250 billion SHIB, worth around $2.7 million, totaling approximately $5.5 million.
According to ArkhamIntel, a total of $81.63 million worth of cryptocurrency has been identified in Voyager addresses. The company is consolidating Tokens from various wallet addresses into its main one as a strategic move. This is seen as an effort to optimize its assets and may lead to more significant transfers in the future.
Voyager recently allowed users to claim and withdraw 35.72% of their token holdings between June 20 and July 5. If customers did not withdraw during this period, the tokens would be sold after 30 days, and they would be compensated in USD. With the claim period over, Voyager will now sell the remaining tokens and provide compensation in fiat currency.
Choosing Coinbase as its custodial service provider is a strategic decision by Voyager. Coinbase is well-known for its strict Security measures and extensive experience in the cryptocurrency space, offering Voyager stakeholders a sense of assurance and credibility during these uncertain times.
The movements of Voyager and its assets are being closely watched by investors and industry experts due to the volatility of the cryptocurrency Market. The results of these transfers and the fate of Voyager’s substantial crypto holdings may set precedents for other companies facing challenges in the ever-evolving cryptocurrency industry.
In conclusion, Voyager has transferred a significant portion of its holdings to Coinbase as part of its bankruptcy proceedings. These transfers include 1,500 ETH and 250 billion SHIB, totaling approximately $5.5 million. With a total of $81.63 million worth of cryptocurrency identified in Voyager addresses, the company is consolidating tokens into its main wallet to optimize its assets. Choosing Coinbase as its custodial service provider adds a level of assurance and credibility during these uncertain times. The movements of Voyager and its assets will be closely observed by investors and experts in the cryptocurrency industry, as they may set precedents for other companies facing challenges in this market.
During Bankruptcy Proceedings, Voyager Allegedly Transferred $5.5M Worth of ETH and SHIB to Coinbase
parofix.com
According to ArkhamIntel, a total of $81.63 million worth of cryptocurrency has been identified in Voyager addresses. The company is consolidating Tokens from various wallet addresses into its main one as a strategic move. This is seen as an effort to optimize its assets and may lead to more significant transfers in the future.
Voyager recently allowed users to claim and withdraw 35.72% of their token holdings between June 20 and July 5. If customers did not withdraw during this period, the tokens would be sold after 30 days, and they would be compensated in USD. With the claim period over, Voyager will now sell the remaining tokens and provide compensation in fiat currency.
Choosing Coinbase as its custodial service provider is a strategic decision by Voyager. Coinbase is well-known for its strict Security measures and extensive experience in the cryptocurrency space, offering Voyager stakeholders a sense of assurance and credibility during these uncertain times.
The movements of Voyager and its assets are being closely watched by investors and industry experts due to the volatility of the cryptocurrency Market. The results of these transfers and the fate of Voyager’s substantial crypto holdings may set precedents for other companies facing challenges in the ever-evolving cryptocurrency industry.
In conclusion, Voyager has transferred a significant portion of its holdings to Coinbase as part of its bankruptcy proceedings. These transfers include 1,500 ETH and 250 billion SHIB, totaling approximately $5.5 million. With a total of $81.63 million worth of cryptocurrency identified in Voyager addresses, the company is consolidating tokens into its main wallet to optimize its assets. Choosing Coinbase as its custodial service provider adds a level of assurance and credibility during these uncertain times. The movements of Voyager and its assets will be closely observed by investors and experts in the cryptocurrency industry, as they may set precedents for other companies facing challenges in this market.
During Bankruptcy Proceedings, Voyager Allegedly Transferred $5.5M Worth of ETH and SHIB to Coinbase
parofix.com
