Bankrupt crypto lender Voyager Digital moved 270 billion Shiba Inu (SHIB) tokens to prime US crypto change Coinbase in a 12-hour interval this week, in keeping with the blockchain safety agency Peckshield.
These 270 billion SHIB tokens had been price about $3 million at time of switch.
Voyager additionally moved $19 million price of Ethereum (ETH) and $4 million of its native Voyager (VGX) token to Coinbase in the identical 12-hour interval.
“PeckShieldAlert Voyager-labeled addresses have transferred ~$27.7 million price of cryptos to Coinbase, together with 17,000 ETH (~$19 million), 12 million VGX (~$4 million), 270 billion SHIB (~$3 million) inside the final 12 hours.”
Final July, Voyager was pressured to close down buyer withdrawals and deposits after the embattled crypto agency Three Arrows Capital didn’t pay again a mortgage price a whole lot of hundreds of thousands of {dollars}.
Voyager ultimately filed for chapter and got here to an settlement to promote $1.3 billion price of belongings and switch its clients to Binance.US, although the U.S. Securities and Change Fee (SEC) opposed the deal, arguing the settlement might probably violate securities regulation.
New York Decide Michael Wiles sided with Voyager and permitted the deal, although the U.S. Division of Justice (DOJ) is appealing his resolution.
As of late February, Voyager’s held $631 million price of crypto in its reserves, together with $81 million price of SHIB, in keeping with the blockchain-tracking agency Lookonchain.
SHIB is buying and selling at $0.00001 at time of writing. The 14th-ranked crypto asset by market cap is down 7.8% previously 24 hours.
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