Blockchain tracker Lookonchain says that the bankrupt crypto lender Voyager has deposited $85 million price of the stablecoin USD Coin (USDC) with Circle.
Lookonchain notes that Voyager has been promoting belongings on Coinbase and has acquired $84.5 million price of USDC from the trade in complete.
The embattled lender reportedly nonetheless holds $11.3 million price of belongings, together with round $8.27 million of its native token VGX.
Lookonchain experiences that it additionally holds $1.62 million price of Bitcoin (BTC), $371,000 price of the trade token Kyber Community (KNC), $286,000 price of the sensible contract platform Fantom (FTM), $140,000 price of purchasing and rewards blockchain platform StormX (STMX), $111,000 price of the play-to-earn blockchain gaming platform Gala (GALA), and round $526,000 price of different belongings.
Voyager went bankrupt in 2022 after troubled crypto agency Three Arrows Capital did not pay again a mortgage price lots of of thousands and thousands of {dollars}.
Earlier this yr, Binance’s US subsidiary tried to purchase the belongings of the embattled crypto lender for a worth of $1.3 billion. Binance.US later backed out of the acquisition, citing regulatory uncertainties within the US.
VGX is buying and selling round $0.15 at time of writing. The 439th-ranked crypto asset by market cap is down almost 4% up to now 24 hours.
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