Voyager is reportedly selling crypto assets on Coinbase. What are your thoughts?
Lookonchain revealed Voyager’s use of 23 tokens, valued at over $100 million. The image below shows a list of tokens with their value in U.S. dollars. However, Coinbase has not yet responded to Cointelegraph’s request for comment to confirm the claim’s legitimacy.Despite the sell-off, Voyager holds nearly $530 million in crypto, with the largest shares in Ether and Shiba Inu .Amid the alleged sell-off of funds, the United States Securities and Exchange Commission objected to Binance.
In a Feb. 22 filing submitted to the U.S. Bankruptcy Court for the Southern District of New York, the SEC stated: “However, the Debtors have yet to demonstrate that they would be able to conduct such sales in compliance with the federal securities laws.” The filing highlights concerns over the lawfulness and ability to undertake planned asset restructuring through the acquisition. It also questions whether Voyager debtors can recoup some of their assets following the firm’s bankruptcy.
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