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    Bankrupt Voyager Sells 1,449 ETH for two.25M USDC through Wintermute

    Latest News

    • Voyager acquired 2.25 million USDC after promoting 1,449 ETH at $1,553 per token.
    • The bankrupt CeFi reportedly launched into a promoting spree in the course of February 2023.
    • Regardless of the gross sales, Voyager reportedly holds as much as $530 million in numerous cryptocurrency tokens.

    The blockchain analytical instrument, Lookonchain, tweeted that Voyager, the bankrupt centralized finance (CeFi) platform, offered 1,449 ETH through the main crypto market maker, Wintermute. In line with Lookonchain, Voyager acquired 2.25 million USDC for the commerce after promoting every ETH token for $1,553.

    Voyager filed for chapter in July 2022 and has reportedly launched into a promoting spree for the reason that center of February 2023. Earlier within the month, Lookonchain reported that the defunct monetary firm transferred thousands and thousands of {dollars} to Coinbase utilizing a number of cryptocurrencies, together with Ether, Shiba Inu, and Chainlink. Altogether, Voyager used 23 completely different tokens to hold out the transfers.

    Days after, on February 24, Lookonchain reported that Voyager acquired as much as 100 million USDC as cost from offered tokens. The latest sale of 1,449 ETH for two.25 USDC suggests a continuation of the huge sell-off earlier reported.

    Voyager reportedly holds as much as $530 million in numerous cryptocurrency tokens. Of this quantity, the corporate’s ETH holding is round $276 million, whereas it additionally holds $81 million in Shiba Inu, the flagship meme coin. These two symbolize Voyager’s high two crypto shares.

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    On March 2, Voyager transferred 4,000 ETH, price $6.6 million, 300 billion SHIB, price $3.7 million, and 5 million VGX, price $2 million to Coinbase. Forward of the switch, the defunct monetary platform reportedly acquired 68 billion SHIB, equal to $820,000 from a dormant handle whose final transaction was two years in the past when it acquired 68 billion SHIB, price $528,000 on the time.

    The USA Securities and Trade Fee (SEC) not too long ago objected to a transfer by Binance.US to accumulate over $1 billion of property belonging to Voyager. In a submitting submitted to the U.S. Chapter Court docket for the Southern District of New York, the SEC alleged that Binance.US couldn’t conduct such gross sales in compliance with federal securities legal guidelines.

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