Voyager Sent 30.88 Million Encrypted Assets To Coinbase

Key Points:

• Voyager kept transferring funds to Coinbase and withdrawing stablecoins. A total of 30.88 million US dollars in encrypted assets were moved, including various types of cryptos such as ETH, MATIC, VGX, and so on.
• It was revealed earlier today that Voyager got 154.4 million USDC from Coinbase this month, adding that its two wallets currently house $700 million in assets.

According to Twitter user Bit Ember’s surveillance, Voyager continues to move funds to Coinbase and withdraw stablecoins today.

It is reported Voyager continues to move funds to Coinbase and withdraw stablecoins today with 8,000 ETH, 6 million MATIC, 300 billion SHIBs, 5 million VGXs, 300,000 APEs, 9,500 AAVEs, 82 YFIs, 5,000 QNTs, 900,000 FETs, 7,600 COMPs, 1.1 million BATs, and 50,000,000 USDC have been transferred. It was revealed earlier today that Voyager got 154.4 million USDC from Coinbase this month, adding that its two wallets currently house $700 million in assets. According to transaction records, almost $154.4 million in USDC was moved from Coinbase to the defunct exchange’s “Voyager 1” Ethereum wallet this month.

Arkham Intelligence, a web3 analytics business, reported the sale and verified in a tweet that the firmhad been selling assets at a rate of about $100M/week. It went on to say that the corporation has $700 million in two very huge wallets.

According to Arkham, the Voyager wallets hold $268 million in ETH, $236 million in USDC, and another $77 million in SHIB. In July, the firm ceased all trading and filed for Chapter 11 bankruptcy protection. As part of the legal procedures, it agreed to sell itself following an auction to Binance.US. Concerns have grown among federal and state regulators over the transaction, with the Securities and Exchange Commission (SEC) investigating Voyager’s VGX token as an unregistered securities sale. The crypto broker’s latest move might potentially presage selling pressure for cryptocurrencies that are among the firm’s top holdings, like ETH and SHIB.

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