Monday, February 26, 2024
HomeAltcoinBankrupt Crypto Lender Voyager Abruptly Strikes Practically $13,000,000 in Ethereum to Coinbase:...

Bankrupt Crypto Lender Voyager Abruptly Strikes Practically $13,000,000 in Ethereum to Coinbase: On-Chain Information

Embattled crypto lender Voyager is relocating hundreds of thousands of {dollars} price of Ethereum (ETH) to US-based digital asset change Coinbase.

The sequence of Ethereum transfers was initially noticed by the blockchain-tracking platform Etherscan.

Analytics agency Akrham confirmed that the Ethereum stacks have been despatched to varied wallets managed by Coinbase.

Etherscan’s information reveals {that a} pockets managed by Voyager began to maneuver its Ethereum troves on Friday, making an preliminary 500 ETH switch price about $922,625 to Coinbase. Hours later, Voyager despatched 1,000 ETH price $1.84 million to the centralized crypto change.

On Saturday, the crypto lender moved 1,000 ETH to a special pockets managed by Coinbase.

A day later, Voyager moved a complete of 4,500 ETH price $8.30 million to Coinbase in three transactions. The primary switch noticed the crypto lender shift 1,500 ETH price $2.76 million to the crypto change. Subsequent, Voyager relocated one other batch of 1,500 ETH to Coinbase.  Voyager went on to switch 1,500 ETH to the centralized platform.

In whole, Voyager moved 7,000 ETH price $12.91 million. For the reason that Ethereum troves have been despatched to a crypto change, they’ll probably be offered on the open market.

Earlier this yr, the US subsidiary of main crypto change Binance was poised to purchase the property of the bankrupt crypto lender to the tune of $1.3 billion. Nevertheless, Binance.US backed out of the asset buy, citing regulatory uncertainties within the US.

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