5,170,000,000,000 Shiba Inu (SHIB) worth $57,283,600 now in the hands of controversial crypto lender

Bankrupt crypto lender Voyager isn’t done selling its massive holdings to Shiba Inu (SHIB), according to new on-chain data.

The analytics company Lookonchain has released an update on how much crypto the embattled lender currently controls.

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

That amount is significantly less than a week ago, when Voyager had 6,500,000,000,000 Shiba Inu worth $81 million.

Voyager has also continued to sell Ethereum (ETH) in large numbers – from 172,223 ETH worth $276 million a week ago to $148,774 worth $233 million at the time of publication.

“Voyager sold 1,449 ETH through Wintermute and received 2.25 million USDC two hours ago, selling price is $1,553.

Voyager still sells assets and currently owns:

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

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

Source: Look on chain/Twitter

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

The U.S. Securities and Exchange Commission objected to the deal, prompting a swift response from the judge responsible for Voyager’s bankruptcy proceedings.

Judge Michael Wiles said he needs details on why the SEC is objecting and why it decided to “stop everyone” with little to no explanation of his concerns.

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