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 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.

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