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 <p class="is-style-lead">Cryptocurrency firm Voyager transferred digital assets to Coinbase, as part of a significant stride toward finalizing its monetary obligations.&nbsp;</p> 
 <p>The Singapore-based company orchestrated the transfer of 1500 Ether (ETH), equating to a value of $2.77 million — alongside 250 billion SHIB tokens amounting to $2.7 million — to Coinbase. </p> 
 <p>The move arrives amidst Voyager’s ongoing proceedings, which have seen the company strategically shifting its remaining tokens from auxiliary addresses to primary ones.</p> 
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    <p lang="zh" dir="ltr">• 1 小时前，#Voyager 将 1500 $ETH($2.77M)、2500 亿 $SHIB($2.7M) 转入 Coinbase。<br>• 另外 Voyager 正在将旗下钱包地址里的剩余代币全部归集到主地址。<br><br>Voyager 用户的加密货币索赔已结束，现在应该已开启最后的法币赔付流程：将剩余加密货币出售后向用户赔付美元。<br>（此前 Voyager 用户可以在… https://t.co/ToeE3cnr3A pic.twitter.com/RiElnrZlth</p>— 余烬 (@EmberCN) August 12, 2023 
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 <p>Voyager, currently grappling with insolvency, has successfully culminated the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency claims of its user base, signifying the imminent launch of a fiat compensation process.&nbsp;</p> 
 <p>This procedure entails converting the residual <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency assets into U.S. dollars, ultimately disbursing these funds to the relevant users. Before this phase, Voyager patrons possessed the option to either redeem 35.72% of their tokens before their sale or opt for USD reimbursement, slated for 30 days following the tokens’ liquidation by Voyager.</p> 
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Voyager creditors’ withdrawals surpass $250m in 18 days 
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 <h3 class="wp-block-heading" id="easing-the-impact-of-bankruptcy">Easing the impact of bankruptcy</h3> 
 <p>According to Arkham Intel, Voyager’s addresses are currently home to an estimated $81.63 million worth of diverse <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies. The impending plan is to offload these holdings in the coming period systematically.&nbsp;</p> 
 <p>The dire circumstances of bankruptcy prompted Voyager to undertake the process of withdrawals for its clientele on June 24, marking the initial step toward reimbursing customers after the company’s fiscal crisis in 2022. During this interim period, users could retrieve 35.72% of their digital assets, awaiting the eventual return of their remaining funds.</p> 
 <p>The recent history of Voyager highlights the company’s former prominence as a <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> lending platform. At its zenith, the platform boasted a user base of 3.5 million individuals, with the majority maintaining balances of less than $10,000. </p> 
 <p>In stark contrast to its previous growth trajectory, the adversities of the 2021 bear market precipitated a downturn for the firm and its affiliates. These adversities compelled Voyager to transition from a position of optimism to its current state of insolvency.</p> 
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Voyager creditors’ withdrawals surpass $250m in 18 days 
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Bankrupt Voyager moves massive amount of crypto to Coinbase

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