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Lookonchain said bankrupt lender Voyager is selling some of its assets through Coinbase.

Peckshield previously reported that the lender moved some assets to Binance.US and Coinbase.

US financial regulators have expressed opposition to Binance.US’s planned charges against Voyager.

According to Lookonchain, on-chain data shows that bankrupt cryptocurrency lender Voyager Digital appears to be selling its assets through Coinbase Exchange.

Blockchain Detective reports that Voyager has received at least $100 million in USD tokens in the past three days.

The on-chain investigator added that Voyager has been sending different crypto assets to crypto exchanges since February 14. Some of these assets include Ethereum, Shiba Inu, SushiSwap, Chainlink, etc. The cumulative value of these assets exceeds $100 million.

Lookonchain added that the lender currently holds $631 million worth of crypto assets — primarily ETH, USDC, and SHIB.

Voyager previously moved 250 billion Shina Inu tokens

Blockchain analytics firm Peckshield reported on Feb. 16 that Voyager had sent $28.7 million worth of assets to Coinbase and Binance.

According to the company, the lender sent 250 billion units of Shiba Inu tokens and 15,000 ETH tokens to the exchange. It added that Voyager received 105,000 ETH from bankrupt exchange FTX in September 2022.

Voyager – Binance.US Trading Under Scrutiny

Voyager is one of several cryptocurrency companies to have collapsed in 2022. The lender filed for bankruptcy in July, citing volatile market conditions.

The lender is currently in the process of being sold to Binance.US for $1 billion. The deal faces opposition from the U.S. Securities and Exchange Commission (SEC) and other regulators.

The SEC said Binance.US had not indicated whether it could complete the transaction in compliance with federal securities laws.

Regulators doubted Voyager’s ability to complete its planned asset restructuring through Binance’s acquisition. There were also concerns about whether Voyager could repay some of its debtor assets after bankruptcy.

In addition to the SEC, another regulator that has opposed the deal is the U.S. Federal Trade Commission (FTC), which said it is investigating Voyager's practices that constitute deceptive and unfair marketing of cryptocurrencies.

However, despite the opposition, Binance.US said the deal would move forward. The exchange added that customers should receive an email with next steps.