In a recent report, FTX sent 50,000 Ethereum worth about $65 million to Voyager Digital’s main wallet. The CEO of Nansen, a blockchain analytics firm, Alex Svanevik, confirmed the transaction in a tweet. Due to the crypto winter, some crypto firms struggled with insolvency. This bearish market even pushed some crypto companies off the industry. Some companies even massively slashed their staff strength, while others stopped operations. Coinbase is amongst the firms that dropped 20% of its employees due to liquidity issues. But among the companies that later halted operations is Voyager Digital. A source noted that the company stopped all transactions on its platform, including withdrawals, deposits, and rewards. Also, it later filed for Chapter 11 bankruptcy in July. Related Reading: Quant Balloons Over 35% In Last 7 Days Courtesy Of Strong Social Metrics As Voyager threw open its door for asset auctioning last month, FTX emerged as the winner. By outbidding its competitor, Binance, FTX acquired about $1.4 billion worth of Voyager assets. The company has subsequently transferred some funds to the crypto lending firms. FTX Transfers 50K Ethereum Without Court Approval Recently, Voyager Digital declared an auction to sell its assets attracting several firms, including the crypto exchange, Binance. However, FTX US outbid other firms on September 26 and won the acquisition of Voyager assets. The FTX US is to receive crypto a...
