270,000,000,000 Shiba Inu (SHIB) Sent to Coinbase Suddenly by Confused Crypto Lender: On-Chain Data


Bankrupt Cryptocurrency Lender Voyager Digital Strikes 270 Billion Shiba Inu (SibuIt topped US cryptocurrency trade Coinbase in 12 hours this week, in accordance with blockchain safety agency Pecshield.

These 270 billion SHIB tokens had been price roughly $3 million on the time of the switch.

Voyager too moved $19 million price of Ethereum (ethereum) and $4 million native Voyager (VGX) ship the token to Coinbase throughout the identical 12 hours.

“Addresses labeled with PeckShieldAlert Voyager have acquired $27.7 million, together with 17,000 ETH (~$19 million), 12 million VGX (~$4 million), and 270 billion SHIB (~$3 million) within the final 12 hours. Now we have transferred a considerable quantity of crypto to Coinbase.”

Supply: Pecshield/Twitter

Final July, Voyager was compelled to droop buyer withdrawals and deposits after cryptocurrency agency Three Arrows Capital did not repay a whole bunch of tens of millions of {dollars} price of loans.

Voyager finally filed for chapter and reached an settlement to promote $1.3 billion price of property and switch shoppers to Binance.US, however the U.S. Securities and Alternate Fee (SEC) stated the deal We opposed the transaction, arguing that it might violate securities legal guidelines.

New York Choose Michael Wiles sided with Voyager and permitted the deal, however the U.S. Division of Justice (DOJ) engaging his choice.

As of late February, Voyager had $631 million price of cryptocurrencies, together with $81 million price of SHIB, in accordance with a blockchain monitoring agency. look on chain.

On the time of writing, SHIB is buying and selling at $0.00001. The 14th largest crypto asset by market capitalization is down 7.8% over the previous 24 hours.

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