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SHIB Worth Tens of Million of Dollars Found in Voyager's Accounts Purchased by Binance.US

Tue, 12/20/2022 - 15:16
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Gamza Khanzadaev
Binance US to fill up with Shiba Inu (SHIB) worth tens of millions of dollars after Voyager's acquisition
SHIB Worth Tens of Million of Dollars Found in Voyager's Accounts Purchased by Binance.US
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According to crypto analytics portal Nansen, bankrupt crypto broker Voyager Digital has $76 million worth of Shiba Inu tokens in its wallets. Thus, SHIB's share of Voyager's $579 million portfolio is currently 13.1%. After Ethereum and USDC, Shiba Inu has the largest share.

With the acquisition of Voyager and consequently SHIB's account worth tens of millions of dollars, congratulations are in order for the world's leading crypto exchange, Binance US. As became known yesterday, the saga surrounding the CeFi broker's bankruptcy, which has been dragging on since the summer, should end soon.

Binance Strengthens in Asia in Response to US Pressure, BNB Price at Crossroads

Voyager's assets are to be bought out for over a billion dollars. It has also been stated that Binance.US will make a good faith deposit of $10 million, as well as reimburse costs of the acquired company of $15 million.

Big fish eat little fish

Interestingly, the auction to buy Voyager's assets was previously won by the infamous FTX exchange shortly before its collapse. Also, while Binance's U.S. arm was operating in its home region with the purchase of Voyager, the exchange's core unit finalized the purchase of Indonesia's Tokocrypto.

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About the author

Financial analyst, trader and crypto enthusiast.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.

He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.