{"id":74754,"date":"2023-02-28T13:14:21","date_gmt":"2023-02-28T11:14:21","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=74754"},"modified":"2025-09-09T22:05:20","modified_gmt":"2025-09-09T19:05:20","slug":"voyager-nets-154-4m-in-usdc-from-sale-of-crypto-assets","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/voyager-nets-154-4m-in-usdc-from-sale-of-crypto-assets\/","title":{"rendered":"Voyager nets $154.4m in USDC from sale of crypto assets"},"content":{"rendered":"<p>The bankrupt broker Voyager Digital is liquidating cryptocurrencies \u2014 during February it transferred $121 million to exchanges and received from their sale <a href=\"https:\/\/etherscan.io\/tokentxns?a=0x500a746c9a44f68fe6aa86a92e7b3af4f322ae66\">$154.4 million in USDC<\/a> from Coinbase. Analytical firm Arkham Intelligence noted the development.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Voyager continuing to sell assets at a rate of around $100M\/week.<\/p>\n<p>Currently they hold almost $700M in two very large wallets.<\/p>\n<p>Their top holdings:<\/p>\n<p>$268M ETH<br \/>$236M USDC<br \/>$77M SHIB <a href=\"https:\/\/t.co\/ZtTQSVJLrJ\">pic.twitter.com\/ZtTQSVJLrJ<\/a><\/p>\n<p>\u2014 Arkham (@ArkhamIntel) <a href=\"https:\/\/twitter.com\/ArkhamIntel\/status\/1630310343175032842?ref_src=twsrc%5Etfw\">February 27, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to analysts, in the last seven days the company transferred at least $54 million to Coinbase and Binance.US, including $24.7 million in Ethereum, $12.2 million in SHIB and $2.5 million in LINK.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cVoyager is selling assets at a rate of around $100 million per week. About $700 million is held across two wallets,\u201d Arkham Intelligence added.<\/p>\n<\/blockquote>\n<p>According to their calculations, the broker&#8217;s addresses hold $271 million in Ethereum, $236 million in USDC, $77 million in SHIB, $63 million in the VGX native token, $13 million in LINK, $5.5 million in FTM and $5 million in APE.<\/p>\n<p>The court earlier <a href=\"https:\/\/cases.stretto.com\/public\/x193\/11753\/PLEADINGS\/1175308052280000000033.pdf\">allowed<\/a> Voyager to liquidate cryptocurrencies from customers&#8217; accounts with negative USD balances and use fiat on third-party platforms.<\/p>\n<p>The broker was one of the creditors of hedge fund Three Arrows Capital. The latter failed to repay a debt of 15,250 BTC and $350 million USDC, so in June 2022 Voyager Digital sent it <a href=\"https:\/\/forklog.com\/en\/news\/voyager-digital-issues-default-notice-to-3ac\">a default notice<\/a>. <\/p>\n<p>A month later the company and its two subsidiaries \u2014 Voyager Digital Holdings Inc and Voyager Digital LLC \u2014 filed <a href=\"https:\/\/forklog.news\/voyager-digital-podal-zayavlenie-o-bankrotstve\/\">for bankruptcy<\/a>, stating total liabilities in the range of $1 billion to $10 billion with around 100,000 clients.<\/p>\n<p>In December Binance.US offered <a href=\"https:\/\/forklog.com\/en\/news\/binance-us-to-acquire-voyager-digital-assets\">the highest price for the debtor&#8217;s assets<\/a> \u2014 $1.002 billion and another $20 million as a potential upside adjustment.<\/p>\n<p>Earlier last week the U.S. Securities and Exchange Commission and the New York Department of Financial Services <a href=\"https:\/\/forklog.com\/en\/news\/sec-and-nydfs-oppose-sale-of-voyager-digital-assets-to-binance-us\">opposed the purchase of Voyager Digital assets<\/a> by Binance&#8217;s U.S. unit.<\/p>\n<p>In the SEC&#8217;s view, the deal could violate securities laws, as it envisages paying debt to former Voyager clients, including in the VGX token.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Voyager Digital is liquidating cryptocurrencies \u2014 during February the broker transferred $121 million to exchanges and received $154.4 million in USDC from Coinbase.<\/p>\n","protected":false},"author":1,"featured_media":74755,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[138,1546],"class_list":["post-74754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinbase","tag-voyager"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/74754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=74754"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/74754\/revisions"}],"predecessor-version":[{"id":74756,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/74754\/revisions\/74756"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/74755"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=74754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=74754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=74754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}