{"id":56519,"date":"2023-08-12T15:59:25","date_gmt":"2023-08-12T19:59:25","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=56519"},"modified":"2023-08-12T16:07:07","modified_gmt":"2023-08-12T20:07:07","slug":"voyager-transfers-huge-amount-of-cryptocurrency-to-coinbase","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/voyager-transfers-huge-amount-of-cryptocurrency-to-coinbase\/","title":{"rendered":"Voyager Transfers Huge Amount of Cryptocurrency to Coinbase"},"content":{"rendered":"\n

Voyager, a cryptocurrency company, recently sent digital assets<\/a> to Coinbase to fulfill financial commitments. <\/p>\n\n\n\n

\"Voyager
Voyager Transfers Huge Amount of Cryptocurrency to Coinbase<\/figcaption><\/figure>\n\n\n\n

The transfer included 1500 Ether (ETH) valued at $2.77 million and 250 billion SHIB tokens valued at $2.7 million. This move comes as Voyager continues its operations, shifting tokens from auxiliary addresses to principal ones.<\/p>\n\n\n\n

Despite facing financial challenges, Voyager successfully resolved cryptocurrency claims from its users, indicating an upcoming fiat compensation process. <\/p>\n\n\n\n

This involves converting the remaining bitcoin assets to dollars and distributing them to users. Previously, users could choose to redeem 35.72% of their tokens before selling or opt for USD reimbursement\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> 30 days after token liquidation.<\/p>\n\n\n\n

Voyager's addresses currently hold various cryptocurrencies worth around $81.63 million. The plan is to gradually sell these holdings in the coming months. <\/p>\n\n\n\n

Consumer withdrawals began on June 24 as a response to bankruptcy circumstances<\/a>, allowing users access to 35.72% of their digital assets while awaiting full recovery.<\/p>\n\n\n\n

In the past, Voyager was a significant crypto lending platform with 3.5 million users, primarily with balances under $10,000. However, challenges during the 2021 bear market led to a decline and change in Voyager's outlook from optimism to insolvency.<\/p>\n","protected":false},"excerpt":{"rendered":"

Voyager, a cryptocurrency company, recently sent digital assets to Coinbase to fulfill financial commitments. The transfer included 1500 Ether (ETH) valued at $2.77 million and 250 billion SHIB tokens valued at $2.7 million. This move comes as Voyager continues its operations, shifting tokens from auxiliary addresses to principal ones. Despite facing financial challenges, Voyager successfully […]<\/p>\n","protected":false},"author":43,"featured_media":56521,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32],"tags":[150,7711,8789],"class_list":["post-56519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-exchange-news","tag-coinbase","tag-cryptocurrency","tag-voyager"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/08\/croc_1691867801150.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/56519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=56519"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/56519\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/56521"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=56519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=56519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=56519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}