Binance US to Hold Another $76 Million in Shiba Inu Tokens

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Voyager Digital, the cryptocurrency lending company, filed for bankruptcy last July after defaulting on hedge fund payments, after which the company’s assets were to be acquired by the FTX exchange, but the collapse of the latter It has left the table ready so that Binance can get hold of the rights to these assets. Let’s go to the end!

Binance wins bid to acquire Voyager assets.

Earlier this week, Binance US won the bid to effectively bail out Voyager and subsequently buy the bankrupt cryptocurrency broker’s assets for more than $1 billion. Following the fall of FTX, Binance CEO and founder Changpeng Zhao announced that Binance US would make a bid for the Voyager assets.

Voyager noted in a press release on Dec. 19 that Binance US made the highest and best offer for its assets in a deal worth $1.022 billion.

“Binance.US’ offer, which sets out a clear path for Voyager client funds to be unlocked as soon as possible, is valued at approximately $1.022 billion and is comprised of the fair market value of the cryptocurrency portfolio. of Voyager at a specified date in the future, which at current market prices is estimated to be $1.002 billion, plus additional consideration equal to $20 million of incremental value.”

voyager

Binance continues to accumulate SHIB tokens.

According to data shared by Nansen, the blockchain project analysis platform, the bankrupt cryptocurrency broker has $76 million in SHIB tokens in their wallets, representing just over 13% of total asset capitalwhich would be going directly to the coffers of Binance.

Shiba is ranked as Voyager’s third largest crypto asset, followed by USDC with a value of $81.7 million and with Ethereum holding the largest percentage in Voyager Digital’s holdings worth $255 million. .

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