Blockchain tracker Lookonchain says that the bankrupt crypto lender Voyager has deposited $85 million worth of the stablecoin USD Coin (USDC) with Circle.

Lookonchain notes that Voyager has been selling assets on Coinbase and has received $84.5 million worth of USDC from the exchange in total.

The embattled lender reportedly still holds $11.3 million worth of assets, including around $8.27 million of its native token VGX.

Lookonchain reports that it also holds $1.62 million worth of Bitcoin (BTC), $371,000 worth of the exchange token Kyber Network (KNC), $286,000 worth of the smart contract platform Fantom (FTM), $140,000 worth of shopping and rewards blockchain platform StormX (STMX), $111,000 worth of the play-to-earn blockchain gaming platform Gala (GALA), and around $526,000 worth of other assets.

Voyager went bankrupt in 2022 after troubled crypto firm Three Arrows Capital failed to pay back a loan worth hundreds of millions of dollars.

Earlier this year, Binance’s US subsidiary attempted to acquire the assets of the embattled crypto lender for a price of $1.3 billion. Binance.US later backed out of the acquisition, citing regulatory uncertainties in the US.

VGX is trading around $0.15 at time of writing. The 439th-ranked crypto asset by market cap is down nearly 4% in the past 24 hours.

Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Voyager Sends $85,000,000 in USDC to Circle As Bankruptcy Unfolds: On-Chain Data appeared first on The Daily Hodl.

Blockchain tracker Lookonchain says that the bankrupt crypto lender Voyager has deposited $85 million worth of the stablecoin USD Coin (USDC) with Circle.

Lookonchain notes that Voyager has been selling assets on Coinbase and has received $84.5 million worth of USDC from the exchange in total.

The embattled lender reportedly still holds $11.3 million worth of assets, including around $8.27 million of its native token VGX.

Lookonchain reports that it also holds $1.62 million worth of Bitcoin (BTC), $371,000 worth of the exchange token Kyber Network (KNC), $286,000 worth of the smart contract platform Fantom (FTM), $140,000 worth of shopping and rewards blockchain platform StormX (STMX), $111,000 worth of the play-to-earn blockchain gaming platform Gala (GALA), and around $526,000 worth of other assets.

Voyager went bankrupt in 2022 after troubled crypto firm Three Arrows Capital failed to pay back a loan worth hundreds of millions of dollars.

Earlier this year, Binance’s US subsidiary attempted to acquire the assets of the embattled crypto lender for a price of $1.3 billion. Binance.US later backed out of the acquisition, citing regulatory uncertainties in the US.

VGX is trading around $0.15 at time of writing. The 439th-ranked crypto asset by market cap is down nearly 4% in the past 24 hours.

Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Voyager Sends $85,000,000 in USDC to Circle As Bankruptcy Unfolds: On-Chain Data appeared first on The Daily Hodl.