Cryptocurrency

Unknown Wallet Receives 287 Billion SHIB From Bankrupt Crypto Lender: Details

Barely a few weeks after revealing that Shiba Inu Whale moved 3.8 Trillion SHIB to two unknown wallets, Lookonchain, an on-chain analytics outlet, took to Twitter to expose how Voyager, the bankrupt crypto lender, seems to be shifting a considerable amount of Shiba Inu tokens to unknown wallets.

As of the time of filing this report, the motive behind Voyager’s alleged move remains unconfirmed, but based on speculations, it could be a plan by the bankrupted crypto trader to reopen customer withdrawals.

Read Also: Shiba Inu Lead Developer: I’m Not Playing Around, Shibarium is Near Completion

Creditors’ Access To Voyager’s Withdrawal Facilities

A recent tweet on Lookonchain’s verified account revealed that creditors on the bankrupt crypto lender’s withdrawal facilities would gain access to their crypto holdings, which include Shiba Inu; the offer will run between June 20 and July 5.

Notably, the latest offer to access crypto holdings on Voyager’s withdrawal facilities is coming after Voyager made a move to stop all deposits and withdrawals when it discontinued its primary operations in July 2022.

Read Also: Shiba Inu Regains $4 Billion Market Cap: Will SHIB Remove Another Zero?

287 Billion SHIB Assets Moved To Unknown Wallets

In addition, Looksonchain shared a link to the renowned Ethereum blockchain explorer, Etherscan, which exposed Voyager’s newest transfers involving Shiba Inu.

Per data obtained from the Ethereum blockchain explorer, the four most recent Shiba Inu transactions incurred 70 billion Shib tokens each. These tokens got moved from the address specified ‘Voyager 1’ to an unknown wallet. Although, an earlier transfer already moved 70 million SHIB tokens to a mystery wallet, which brings the total lost coins to approximately 287 billion.

About 2 Billion Shiba Inu coins Moved Out Of Exchanges

In other developments, Etherscan revealed that about 2 billion SHIB tokens were moved to unknown addresses and other decentralized exchanges from prominent wallets and exchanges like Coinbase, Hotbit, and Binance.


Follow us on Twitter, Facebook, Telegram, and Google News

Chinedu Agbakwusi

Chinedu Agbakwusi is a medical student at the prestigious Nnamdi Azikiwe University with sound knowledge of the crypto space. I am here to be a reliable plug for well-researched crypto content ranging from crypto news to market analyses and blockchain inventions.

Recent Posts

XRP Price Projections for 2030, 2035, and 2040

Speculation around XRP’s long-term value intensifies, even as its current price action remains subdued. Analysts…

20 minutes ago

Ripple CEO Makes Major Statement About Outdated SWIFT and XRP

Crypto YouTuber and influencer BullRunners (@BullrunnersHQ) recently posted a video on X featuring Ripple CEO…

51 minutes ago

6 Meme Coins to Invest in Today: Doginme, Dogs, and a Cat About to Hit the Presale Button

Ever thought your successive big win could come from a meme coin prowling just beneath…

3 hours ago

Back When Monero Was Pennies? Qubetics Is the Best Crypto to Buy This Month Before History Repeats

Have you ever kicked yourself for not scooping up Monero when it was just pennies?…

7 hours ago

XRP Army Expects A Nice Surprise from Flare Networks Tomorrow

Anticipation is building within the XRP community, as new signals point toward an exciting announcement…

9 hours ago

Bitcoin Accumulation Trend Score Is Nearing 1. Here’s the Implication On BTC Price

Bitcoin is flashing a major bullish signal as key on-chain data points to intensified investor…

9 hours ago