5,170,000,000,000 Shiba Inu Corporation (SHIB) worth $57,283,600 now controls embattled crypto lender

Bankrupt cryptocurrency lender Voyager is not finished selling its massive Shiba Inu (SHIB) holdings, according to new on-chain data.

Analytics firm Lookonchain has released an update on how much crypto the beleaguered lender currently controls.

According to the company, Voyager now has 5,170,000,000,000 SHIBs worth $57,283,600.

That amount was much less than a week ago, when Voyager owned 6,500,000,000,000 Shiba Inu worth $81 million.

Voyager has also continued to sell Ethereum (ETH) in huge numbers as well — from 172,223 ETH worth $276 million a week ago to $148,774 worth $233 million at press time.

Voyager sold 1,449 ETH via Wintermute and got $2.25 million 2 hours ago, the sale price is $1,553.

Voyager is still selling the assets and currently holds:

  • 148,774 ETH ($233 million)
  • 5.17 trillion chips ($57 million)
  • 1.44 million links ($10 million)
  • 1.17 billion STMX ($7 million)
  • 411,052 AVAX ($6 million)

Lookonchain also posted a recent snapshot of Voyager’s massive crypto wallet.

source: Lookonchain/Twitter

In December, Binance.US announced that it would acquire over $1 billion worth of assets from Voyager after FTX’s plans to acquire it evaporated.

The US Securities and Exchange Commission vetoed the deal, prompting a swift response from the judge in charge of the Voyager bankruptcy proceedings.

Judge Michael Wiles said he needed details about why the SEC objected and why it decided to “stop everyone in their tracks” with little or no explanation for its concerns.

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