Blockchain News

5,170,000,000,000 Shiba Inu (SHIB) Worth $57,283,600 Now In Control of Embattled Crypto Lender

According to recent data found on the blockchain, the defunct cryptocurrency lender Voyager has not finished liquidating its enormous holdings of Shiba Inu (SHIB). An analysis company known as Lookonchain has just issued a new report that provides an update on the total amount of cryptocurrency that the troubled lender is now in control of.

The company claims that Voyager now possesses 5,170,000,000,000 SHIB, which is equivalent to $57,283,600 in value.

This sum is a considerable decrease from a week earlier, when Voyager owned 6,500,000,000,000 Shiba Inus worth $81 million in its possession. Voyager has also continued to sell enormous amounts of Ethereum (ETH) – the quantity of which has decreased from 172,223 ETH worth $276 million one week ago to $148,774 ETH worth $233 million at the time this article was published. ETH prices have fluctuated widely over the last several months.

“Voyager just got $2.25 million USDC after selling 1,449 ETH through Wintermute two hours ago; the selling price was $1,553 per ETH.” Voyager is still selling assets and now has the following amounts in its possession: 148,774 ETH (233 million dollars), 5.17 trillion SHIB (57 million dollars), 1.44 million LINK (ten million dollars), 1.17 billion STMX (seven million dollars), and 411,052 AVAX (six million dollars).

Also, a fresh snapshot of Voyager’s enormous cryptocurrency wallet has been provided by Lookonchain. As FTX’s intentions to acquire Voyager’s assets fell through, Binance.US made the announcement in December that it would acquire more than one billion dollars’ worth of assets from Voyager.

After an objection from the United States Securities and Exchange Commission over the proposed transaction, the judge presiding over the bankruptcy proceedings for Voyager provided a prompt answer. Judge Michael Wiles stated that he need information on why the SEC objects and why it has decided to “halt everybody in their tracks” with little to no explanation of its concerns. Judge Wiles said he wants to know why the SEC objects and why it has decided to “stop everybody in their tracks.”


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