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Bankrupt Lender Voyager Selling Assets Via Coinbase Per Reports

Published 02/27/2023, 10:40 AM
Updated 02/27/2023, 11:00 AM
© Reuters Bankrupt Lender Voyager Selling Assets Via Coinbase Per Reports

  • Bankrupt crypto lender Voyager Digital has been selling its assets, with Coinbase (NASDAQ:COIN) being the biggest beneficiary.
  • On-chain data from Lookonchain shows that Voyager has sold over $100 million of crypto assets to Coinbase.
  • The sale of crypto assets comes amidst several roadblocks to its $1 billion Binance acquisition deal.
On-chain data from Lookonchain shows that the bankrupt cryptocurrency lender, Voyager Digital, has reportedly been selling its digital assets through Coinbase amidst its ongoing proceedings.

A week after Voyager Digital was reported to have transferred $28.7 million worth of digital assets to various crypto exchange platforms, the crypto lender is now selling some of its assets through Coinbase.

On-chain data shows that Voyager Digital, the cryptocurrency lending platform that filed for Chapter 11 bankruptcy in July 2022, has sent at least...

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