250,000,000,000 Shiba Inu (SHIB) Abruptly Moved to Coinbase by Bankrupt Cryptolender Voyager
New data reveals that bankrupt crypto lender Voyager Digital is suddenly moving hundreds of billions of Shiba Inu (SHIB) tokens to Coinbase.
According to blockchain cybersecurity company Peckshield, the controversial crypto firm has transfered a total of $28.7 million worth of digital assets to various crypto exchange platforms.
Peckshield finds that Voyager moved 250 billion SHIB worth about $3.4 million at the time of writing to Coinbase and 15,000 Ethereum (ETH) worth $25.3 million to both Coinbase and Binance, the world’s largest crypto exchange platform by volume.
It was also revealed that Voyager received 105 million ETH, worth around $164 million, from FTX last September before the crypto exchange platform filed for bankruptcy.
“Voyager has transferred $28.7 million in crypto [assets] to crypto exchanges, including 15,000 ETH ($25.3 million) to Binance.US and Coinbase (ETH at 1,675) and 250 billion SHIB ($3.4 million). Coinbase Voyager received 105,000 ETH (ETH at $1,559 on transfer day) from FTX on September 7, 2022.”
Voyager’s downfall began last July when it was forced to shut down customer withdrawals and deposits, citing fellow crypto firm Three Arrows Capital’s inability to repay a loan worth hundreds of millions of dollars.
Voyager filed for bankruptcy and struck a deal with Binance, which saw the crypto exchange platform buy Voyager’s remaining assets at a discounted price.
Shiba Inu is trading at $0.000013 at the time of writing, while the second largest digital asset by market cap is moving at $1,698.
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Featured image: Shutterstock/ValDan22/WindAwake
