- The company began transferring tokens from February 14
- In just three days, from 24 to 26, the firm received $100 million in USDC
- Prior to this, the movement of funds was noticed by PeckShield analysts
- Voyager’s new restructuring plan to be heard on March 4
Since February 14, crypto lender Voyager Digital has been gradually selling its assets based on Coinbase. In three days last week, the company received $100 million in USDC. And this is against the background of the protest of the federal authorities.
On this indicated analyst with the nickname “Lookonchain”. For the most part, these are ETH and SHIB, as well as other tokens. At the same time, the company still holds $631 million in cryptocurrency.
Neither Coinbase nor Voyager have commented on the analyst’s post. Also, both companies ignored the appeal of the press.
Before that, on February 16, PeckShield analysts noted the movement of Voyager funds. According to them, the firm transferred $28.7 million to Coinbase and Binance, again in SHIB and ETH.
Why is Voyager selling assets? There may be several options here. For example, a company is looking to consolidate its cryptocurrency portfolio. It is also possible that Voyager is selling assets ahead of hearings on a new restructuring plan.
Recall that the meeting on this issue will be held on March 4. According to him, the company’s clients will be reimbursed up to 50% of their capital, but not immediately.
The restructuring plan was opposed by the SEC, the FTC and the New York City Finance Department. The authorities believe that in this way the company is trying to avoid liability.