Due to the current crypto winter and the DeFi liquidity crisis, well-known crypto lending firms Celsius and Three Arrows Capital are at the risk of bankruptcy. Voyager Digital, a crypto asset management company, has acknowledged its involvement with the two problematic crypto companies. Although Celsius and Voyager have a cooperation, no customer money is currently there.
Nansen CEO Alex Svanevik disclosed that Celsius received a tonne of money from Voyager on June 29 in a series of tweets. Svanevik also attached screenshots showing the last two transactions, which were finished 47 and 137 days ago. As per the shared screenshots, Voyager Digital sent Celsius a sizable sum of money via this account. Voyager sent the Celsius wallet 123 USDC and 100,000,000 USDC, respectively. This consists of roughly $174 million in USDC, 65,000 ETH, and a small amount of the tokens MATIC, KNC, AAVE, COMP, OMG, and ZRX.
Found a Celsius account that received a ton of money from Voyager.
$174m in USDC
65k ETH
+ MATIC, KNC, AAVE, COMP, OMG, ZRXWasn't aware of this partnership: pic.twitter.com/CQ91JJmsAQ
— Alex Svanevik🐧 (@ASvanevik) June 29, 2022
Additionally, he also revealed 3 addresses where a sizable quantity of ETH was transmitted, one of which is thought to be Genesis.
They sent a lot of ETH to 3 other addresses.
If anyone has public info on which entities these are, pls lmk.
0x91962711a4d2e4a830b366ce7276d99001e8564b
0xf4561c710ba450aab302ffc3557ee59bbce94ca6
0xed40285ea12a3f48b8c17b882478ebae6fbd0cf3(Last one looks like Genesis) pic.twitter.com/vF6TJv50Zn
— Alex Svanevik🐧 (@ASvanevik) June 29, 2022
He even urged Twitter users to help him find the entities’ owners. Voyager declared its connection with Celsius on June 14, but there are no customer assets there as of yet.
On the other hand, Three Arrows Capital received a notice of default from Voyager Digital on June 27 for failing to make the due payments on its loan of $15,250 BTC and $350 million USDC. Currently, Voyager is exploring its legal options and planning to bring Three Arrows Capital to court.
Celsius and Three Arrows Capital appear to be insolvent at the same time, and advisors advise filing for bankruptcy. Voyager Digital uses the credit line provided by Alameda Research, a division of FTX, to process customer orders and withdrawals and to meet liquidity needs.
The price of the CEL token from Celsius is trading at $0.733676 and rose 0.61% in the last 24 hours with a trading volume of $11,453,563.
Read more:
- Voyager Digital secures $500 million credit from Alameda Ventures to meet customer needs amid market crisis
- Voyager Digital announces an expected revenue of USD 100-105 million
