Voyager Sends $85,000,000 in USDC to Circle As Bankruptcy Unfolds: On-Chain Data

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

Lookonchain notes that Voyager has been promoting property on Coinbase and has acquired $84.5 million value of USDC from the change in complete.

The embattled lender reportedly nonetheless holds $11.3 million value of property, together with round $8.27 million of its native token VGX.

Lookonchain reviews that it additionally holds $1.62 million value of Bitcoin (BTC), $371,000 value of the change token Kyber Community (KNC), $286,000 value of the sensible contract platform Fantom (FTM), $140,000 value of buying and rewards blockchain platform StormX (STMX), $111,000 value of the play-to-earn blockchain gaming platform Gala (GALA), and round $526,000 value of different property.

Voyager went bankrupt in 2022 after troubled crypto agency Three Arrows Capital didn’t pay again a mortgage value tons of of hundreds of thousands of {dollars}.

Earlier this 12 months, Binance’s US subsidiary tried to amass the property 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% prior to now 24 hours.

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