November 23, 2024

Rise To Thrive

Investing guide, latest news & videos!

Voyager’s token transfer to Coinbase sparks sell-off suspicions

1 min read
Voyager’s token transfer to Coinbase sparks sell-off suspicions

Bankrupt cryptocurrency lender Voyager Digital transferred 1,500 Ether (

Following Binance.US’s court-sanctioned acquisition of the lender’s assets, blockchain analysis platform Lookonchain disclosed that Voyager liquidated digital holdings exceeding $56 million across three cryptocurrency exchanges. Approximately three months later, the insolvent exchange engaged in various transactions involving the transfer of around 350 billion SHIB tokens.

Magazine: Deposit risk: What do crypto exchanges really do with your money?