270,000,000,000 Shiba Inu (SHIB) Abruptly Sent to Coinbase by Embattled Crypto Lender: On-Chain Data
March 17, 2023 8166 by adminAccording to blockchain security company PeckShield, the failed password borrower Voyager Digital transferred its 270 billion Shiba Inu (Shib) OTP to Coinbase, the largest password trading center in the United States, within 12 hours of this week.
At the time of transfer, the value of the 270 billion Shib tokens was about US $3 million.
->Within the same 12 hours, Voyager also transferred $19 million worth of ETH and $4 million worth of local Voyager (VGX) dynamic passwords to Coinbase.
The detailed address of the PeckShieldAlert Voyager tag has sent about $27.7 million worth of passwords to inward-looking Coinbase in the past 12 hours, including 17000 ETH (about $19 million), 12 million VGX (about $4 million) and 270 billion Shib (about $3 million).
Last July, travelers were forced to turn off customer withdrawals and savings after Three Arrow Capital, a struggling cryptographic company, was unable to repay a loan worth hundreds of millions of dollars.
Voyager finally declared bankruptcy and agreed to sell $1.3 billion worth of property and transfer its customers to Binance.US, although the Securities and Exchange Commission (SEC) boycotted the deal, saying it was likely to violate securities law.
New York City Judge Michael Wiles sided with the traveler and approved the deal, although the U.S. Justice Department (DoJ) has appealed his confirmation.
As of mid-late February, travelers had $631 million worth of passwords in their reserves, including $81 million worth of Shib, according to blockchain technology, which tracks corporate Lookonchain.
At the time of this writing, Shib sold for $0.00001. The family ranks 14th in terms of market capitalization, and its encryption assets have fallen 7.8% in the past 24 hours.
