A recent report from Lookonchain, a blockchain analytics platform, has revealed that Voyager Digital, the crypto lender that filed for bankruptcy, has been selling its digital assets through Coinbase.
According to the report, Voyager received $100 million USDC from Coinbase in the last three days, and has been transferring assets to Coinbase almost every day since February 14.
The assets transferred include $28 million worth of SHIB, $25 million worth of ETH, and $12.85 million worth of VGX, among others. the lender currently holds approximately $631 million in assets, including 172,223 ETH worth $276 million, and 186 million USDC.
Latest on Voyager
The bankrupt crypto lender recently reached an agreement with FTX and its unsecured creditors to hold the disputed $445 million loan payment pending a settlement or court order, according to a court filing.
The filing also stated that Voyager would continue to hold another $5 million deposit made by FTX in escrow until ownership of the deposit is litigated in the New York Bankruptcy Court and decided by settlement or a final and unappealable order, including any appeals therefrom.
FTX, Alameda, and Voyager have a complicated relationship, with Alameda Research suing the defunct lender for $445.8 million in January.
FTX’s lawyer argued that Voyager “fueled” Alameda’s alleged misuse of customer funds, while the latter countered that Alameda tried to undermine and sabotage its restructuring efforts. The lender also subpoenaed top Alameda and FTX executives over their botched acquisition deal.
