News

Voyager Withdrawing Final Tokens To Switch To Fiat Compensation

Key Points:

  • According to on-chain data, Voyager transferred 1,500 ETH (approximately $2.77 million) and SHIB 250 billion (roughly $2.7 million) to Coinbase an hour ago.
  • The bankrupt crypto company is collecting all remaining tokens in its wallet address to the main address to advance to the fiat user compensation process.
  • Before that, its users could withdraw 35.72% of the tokens between June 20 and July 5, or choose to receive compensation in USD once the tokens are sold.
The bankrupt cryptocurrency company Voyager Digital is starting to collect leftover tokens for sale and compensate users in USD once the complaint process is over.

According to the monitoring of Ember, an on-chain analyst, Voyager transferred 1,500 ETH (about $2.77 million) and SHIB 250 billion (about $2.7 million) to Coinbase an hour ago.

In addition, Voyager is collecting all remaining tokens in its wallet address to the main address. This action begins after crypto claims for its users have been closed, and the final fiat payment process will begin. This means paying users who the platform in US dollars will compensate after selling the remaining cryptocurrency.

Previously, Voyager users could withdraw 35.72% of tokens between June 20 and July 5 or choose to receive USD compensation after this lending platform sells tokens 30 days later.

According to Arkham data, there is currently about $81.63 million in crypto in Voyager addresses. All these tokens will be sold in the next period.

Voyager Withdrawing Final Tokens To Switch To Fiat Compensation 3

Voyager is a lending project that went bankrupt after the 3AC fund collapsed. The main reason behind this was that the project needed more money because the 3AC fund refused to pay the debt of $650 million.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Victor

Recent Posts

Dogecoin Price Gets $5 Prediction, Shiba Inu To Rally 1,100%, And ETFSwap (ETFS) To Jump 135x

Here are the latest predictions for Dogecoin, Shiba Inu, and ETFswap.

2 hours ago

AVAX Hits $1B in DeFi, Cardano Expected to Surge—BlockDAG Leads with $110M Presale & 100% Bonus!

Discover BlockDAG's 100% bonus and $110M presale surge that’s sparking interest among crypto enthusiasts. Also,…

2 hours ago

Crypto Institutional Investors Move To ETFSwap (ETFS) Amid $500 Million Liquidity Injection Expectations

Discover why crypto investors are moving to ETFSwap (ETFS) as $500 million liquidity injection is…

5 hours ago

Buyers Rush to Maximise Gains with BlockDAG’s 100% Bonus Offer; Plus, ETH Holds Strong as Solana Challenges Rivals

Learn about BlockDAG's $110M presale achievement and the whopping 100% bonus offer, alongside Ethereum's growth…

7 hours ago

Thai Police Corruption Case Involving Officers and Extortion

Thai police corruption exposed as officers extort millions in USDT from a Chinese man under…

10 hours ago

SafePal Telegram Wallet Launches with Swiss Bank Accounts and CeDeFi

SafePal Telegram Wallet allows 950 million users to create compliant crypto-friendly Swiss bank accounts, integrating…

11 hours ago

This website uses cookies.