Bankrupt crypto lender Voyager Digital moved 270 billion Shiba Inu (SHIB) tokens to high US crypto trade Coinbase in a 12-hour interval this week, in line with the blockchain safety agency Peckshield.
These 270 billion SHIB tokens have 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 did not pay again a mortgage price a whole lot of tens of millions of {dollars}.
Voyager finally filed for chapter and got here to an settlement to promote $1.3 billion price of property and switch its clients to Binance.US, although the U.S. Securities and Change Fee (SEC) opposed the deal, arguing the settlement may presumably violate securities legislation.
New York Decide Michael Wiles sided with Voyager and authorized the deal, although the U.S. Division of Justice (DOJ) is interesting his determination.
As of late February, Voyager’s held $631 million price of crypto in its reserves, together with $81 million price of SHIB, in line 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% prior to now 24 hours.
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