Voyager Selling a Bunch of Crypto Assets Via Coinbase: Arkham

Voyager reportedly sold $100 million out of $630 million in assets on the platform.
The largest assets remaining on the platform are Ethereum and Shiba Inu.
Within three days, Voyager received around $100 million in USD coins.

As per Arkham’s tweet, Voyager sent nearly $121 million worth of cryptocurrencies within February. The report revealed that it transferred a variety of digital assets, including Ether (ETH), Shiba Inu (SHIB), and Chainlink (LINK), via Coinbase.

On Monday, Arkham, one of the leading Blockchain Data Analysts, tweeted that Voyager continues to sell crypto assets at a rate of around $100 million per week. According to the tweet, in the past seven days, it sent nearly $24.7 million of ETH and $12.2 million of SHIB, including $2.5 million of LINK to exchanges.

Voyager continuing to sell assets at a rate of around $100M/week.
Currently they hold almost $700M in two very large wallets.
Their top holdings:
$268M ETH
$236M USDC
$77M SHIB pic.twitter.com/ZtTQSVJLrJ
— Arkham (@ArkhamIntel) February 27, 2023

Voyager offers a unique procedure to trade more than 100 varieties of digital assets via its mobile application.

In July 2022, the company faced bankruptcy, amid huge losses. In the previous year, crypto prices decreased by more than 70% which affected Voyager price value, including Stablecoins and Terra. In the middle of July, the bankrupt crypto lender refused to accept the buyout offer from recently bankrupted crypto exchange platforms like FTX and Almeda.

2) Let’s say that Voyager has, remaining, 75% of assets (I don’t know the exact number).
It seems like the first thing that should happen is that customers get back the 75%, and then later get back the rest if anything is recovered from 3AC.
But that hasn’t happened yet. Why?
— SBF (@SBF_FTX) July 25, 2022

At the end of September 2022, FTX won a $1.4 billion (USD) bid to purchase Voyager’s assets. But the sudden downfall of FTX on November 11 led to Voyager’s funds being again up for sale – for the second time. On November 30, the trading platform, INX, submitted a bid to buy the undisclosed Voyager digital assets that filed for bankruptcy in July.

Earlier, Shy Datika, CEO of INX, stated, “Our bid is a strategic next step in executing INX’s vision to democratize finance and reshape existing paradigms in the market by leveraging the power and versatility of its regulated trading platform.” INX became the first Securities and Exchange Commission (SEC) registered digital security IPO in 2021 with nearly $84 million in gross proceeds from more than 7,200 retail investors.