World Crypto Global
- Written by: Abdulkarim Abdulwahab
- Sat, 24 Jun 2023
- United States
Billions of Shiba Inu tokens transferred as bankrupt crypto lender Voyager moves funds, potentially connected to reopening withdrawals. Billions of Shiba Inu (SHIB) tokens are on the move as Voyager, the bankrupt crypto lender, transfers funds from its hot wallet. In a recent tweet, Lookonchain, an on-chain analytics firm, revealed that Voyager has been shifting […] The post Bankrupt Crypto Lender Moves 287 Billion Shiba Inu to Unknown Wallet first appeared on The Crypto Basic.
Bankrupt Crypto Lender Moves 287 Billion Shiba Inu to Unknown Wallet
Billions of Shiba Inu tokens transferred as bankrupt crypto lender Voyager moves funds, potentially connected to reopening withdrawals.
Billions of Shiba Inu (SHIB) tokens are on the move as Voyager, the bankrupt crypto lender, transfers funds from its hot wallet. In a recent tweet, Lookonchain, an on-chain analytics firm, revealed that Voyager has been shifting a substantial amount of SHIB tokens.
While the exact motive behind this transfer remains undisclosed, the market tracker theorized that it could be connected to the embattled lender’s plan to reopen customer withdrawals.
Voyager is transferring tokens out from the hot wallet.
Seems to be related to reopening withdrawals to customers.
https://t.co/EVaoqkMpmR https://t.co/2d59UNR4G7 pic.twitter.com/o9fkZVSp8R
According to Lookonchain, withdrawal facilities for Voyager’s creditors to access approximately 35% of their crypto holdings, which included Shiba Inu, began on June 20 and will last until July 5.
This development comes after Voyager halted all deposits and withdrawals when it ceased its primary operations in July 2022. After over a year of locked assets, customers of Voyager can finally access a portion of their crypto holdings.
