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Voyager Digital Receives US $86.8 Million in USDC and Sends US $82.5 Million of Cryptocurrency Tokens

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It is reported that since March 8, the bankrupt cryptocurrency broker Voyager Digital has received nearly US $86.8 million of USDC and sent nearly US $82.5 mill

Voyager Digital Receives US $86.8 Million in USDC and Sends US $82.5 Million of Cryptocurrency Tokens

It is reported that since March 8, the bankrupt cryptocurrency broker Voyager Digital has received nearly US $86.8 million of USDC and sent nearly US $82.5 million of cryptocurrency tokens to various addresses belonging to the exchange. As of the press release, the three major liquidation assets of Voyager in the past day include approximately US $58.1 million of ETH, US $10.9 million of SHIB and US $7.2 million of Voyager’s own VGX tokens. According to Arkham Intelligence, a blockchain analysis company, the addresses it uses mainly belong to Coinbase, Binance.US and Wintermute. The price of VGX is currently 38 cents, down nearly 32% in the past 24 hours.

Voyager has sold $358.52 million of encryption assets

Analysis based on this information:


The news reports that Voyager Digital, a bankrupt cryptocurrency broker, has received almost US $86.8 million in USDC and sent out approximately US $82.5 million of different cryptocurrency tokens to various addresses belonging to the exchange since March 8. According to Arkham Intelligence, a blockchain analysis company, the addresses Voyager uses mainly belong to Coinbase, Binance.US, and Wintermute. As per the announcement, the three major liquidation assets of Voyager in the past day include ETH worth almost US $58.1 million, SHIB worth US $10.9 million, and Voyager’s VGX tokens worth US $7.2 million.

The news about Voyager Digital indicates that the company’s liquidation process is ongoing, and it is utilizing different cryptocurrency assets for the payout process. Voyager has received a significant sum of USDC and sent out cryptocurrency tokens worth almost similar value, indicating the firm is entirely dependent on digital currencies for payouts to its creditors. It also suggests that the company has sufficient funds available for settlement, enabling smoother and faster processing of the liquidation process.

The fact that Voyager Digital has sent cryptocurrency tokens to Coinbase, Binance.US, and Wintermute indicates the broker’s involvement with these exchanges. This brings crucial questions regarding their liability and responsibility for the safekeeping of these assets. Additionally, the massive transfer of funds to different addresses may also raise concerns over the security and custody measures of the exchanges involved.

Lastly, the report mentions that the price of Voyager’s VGX tokens has fallen nearly 32% in the previous 24 hours. This drop may be due to the ongoing liquidation of the company’s assets, leading investors to sell their tokens in haste. It also highlights the volatility of cryptocurrency markets, which can fluctuate rapidly based on market sentiment.

In conclusion, Voyager Digital’s ongoing liquidation process highlights the complete dependence of the cryptocurrency broker on digital assets. It raises several questions over the safety measures and responsibilities of different exchanges involved in the payout process. The significant drop in VGX token prices also underlines the volatility of digital currency markets.

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