2022 has been a difficult year of the global crypto market. With fed rate hikes, high inflation, and recession fears weighing on the market sentiment.
FTX was not the only exchange to go bankrupt in 2022, along with the Terra luna crash. There was more pain for investors. It was not just FTX, which created havoc on the bleeding crypto market. Voyager was one of the other five entities that were added to the list.
Voyager, A U.S.-based crypto lender registered bankruptcy In July after 3AC defaulted on a crypto loan worth more than $650 million. The deal was to sell $1.4 billion In crypto To FTX. However, Voyager reopened the discussion with other exchanges including Binance following FTX’s implosion.
As per the details, Binance would pay $20 million in cash and transfer Voyager customers to the exchange. Further, a Reuters report released in early January revealed that the Judge has given his initial approval of the deal. B ut, still the deal is in processing and not get the final approval.
Enigmatic crypto transfer raises an eyebrow within the Twitter community
As per the latest tweet from pack shield alert, the bankrupt crypto lender sent $9.6m worth of cryptos to different exchanges. As of press time, the transfers occurred nearly 12 hours ago. However, the reason for this transaction remains unknown, and the community is yet to receive a response from Voyager.
Further, the market is assuming that the lender might be taking an opportunity to cash in on the recent price action of the cryptos to repay the creditors. Since the beginning of the year, LINK has appreciated nearly 25%, while SHIB INU booked a profit of 46%, ETH rose nearly 45% and last but not least VGX stands tall with 87% gains.
