Key Points:
- Voyager, a bankrupt crypto lender, has deposited $85 million worth of USDC with Circle, according to blockchain tracker Lookonchain.
- Voyager has been selling assets on Coinbase and has received $84.5 million worth of USDC from the exchange.
- Despite bankruptcy, Voyager still holds $11.3 million worth of assets, including its native token VGX.
- Other assets held by Voyager include Bitcoin, Kyber Network, Fantom, StormX, Gala, and various other assets.
- Binance’s US subsidiary attempted to acquire Voyager’s assets for $1.3 billion but later backed out due to regulatory uncertainties.
Hot Take:
Despite its bankruptcy, Voyager seems to be actively managing its assets by selling them on Coinbase and depositing millions of dollars worth of USDC with Circle. This indicates that the company is still trying to recover and potentially restructure its operations. However, the failed acquisition by Binance’s US subsidiary highlights the challenges and regulatory uncertainties faced by crypto lenders. It will be interesting to see how Voyager’s bankruptcy unfolds and if it can navigate the complex crypto landscape to regain stability.
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