Huge amounts of Shiba Inu (SHIB) and Ethereum (ETH) have been sent to US-based cryptocurrency exchange Coinbase, according to a major cryptocurrency analysis firm.
About $7.6 million in crypto assets, including 2500 ETH worth $4.2 million and 250 billion SHIB worth $3.4 million, were traded by bankrupt crypto lending firm Voyager, according to PeckShield’s Twitter alert account sent to the address.
The team at PeckShield has released images that trace the path of the cryptocurrency. This is movement that has occurred in the last 16 hours.
A similar massive crypto transfer from Voyager to Coinbase took place last week, reaching $28.7 million.
Voyager suspended customer withdrawals and deposits last July.
The company cited the collapse of cryptocurrency hedge fund Three Arrows Capital as the reason for its failure, saying it was unable to repay loans worth hundreds of millions of dollars.
After filing for bankruptcy, cryptocurrency exchange Binance stepped in and negotiated to buy Voyager’s assets.
At the time of publication, Ethereum is down 3% over the past 24 hours, trading at $1,707. SHIB is trading at $0.00001360, down 0.5% on the last day.
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