Shiba Inu

($SHIB) tokens, along with other cryptocurrencies including Ethereum ($ETH), Voyager Token ($VGX), and Chainlink ($LINK), on the Coinbase cryptocurrency market, which is listed on the Nasdaq.Data from blockchain analysis site Lookonchain shows that Wintermute Trading, Binance US, and Coinbase recently gave Voyager a combined 33,700,000 USDC. Voyager still has $757.8 million worth of assets, including a total of 459.8 million USDC and 4 trillion SHIB, notwithstanding these recent trades.Voyager has previously made significant transactions to Coinbase. The corporation just sent 15,000 Ethereum worth $25.3 million to Coinbase and Binance, as well as 300 billion SHIB, worth about $3.4 million, to Coinbase. Voyager has been routinely delivering funds to Coinbase since February 14. Since that time, Voyager has transferred 2.24 trillion SHIB, or around $28 million, to Coinbase while continuing to maintain a significant amount of assets.In a recent vote, the majority of Voyager&#39;s customers—representing 98% of all claims—favored a restructuring proposal in which BinanceUS would buy some of the company&#39;s assets. Voyager filed for bankruptcy in July 2022.Earlier this week, the company obtained court clearance to sell its assets and transfer its customers to Binance.US in a $1.3 billion agreement, but there are still several legal requirements that must be satisfied before the sale can be closed.At a hearing in New York, US bankruptcy judge Michael Wiles authorized Voyager&#39;s restructuring plan, which was built around the purchase of Binance.US. Binance.US agreed to reimburse the lender $20 million in cash as well as cryptocurrency that its users had placed. The typical amount of time customers on Coinbase keep the meme-inspired cryptocurrency before selling it or moving it to an external address has crossed the 230-day mark, indicating that most Shiba Inu investors aren&#39;t going to sell in bulk.

Bankrupt Crypto Lender Voyager Sells 400 Billion Shiba Inu ($SHIB) on Coinbase

ItsBitcoinWorld

Other articles published on Mar 11, 2023

Information about FEG SmartDeFi

KingPad is paving the way to a better future in Decentralised Finance

Dogecoin price analysis: Bears maintain their bearish outlook as the price falls below $0.06491

Coinbase halts conversion feature between U.S. dollars and USDC

Circle’s $3.3 Billion Held by Silicon Valley Bank Triggers USDC Depegging Crisis

What is CryptoGPT: The Future of AI Development on Blockchain

Join our free newsletter for daily crypto updates!