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HomeTechnologyVoyager Digital allegedly transfers almost $174 million to Celsius account: Nansen CEO

Voyager Digital allegedly transfers almost $174 million to Celsius account: Nansen CEO

Nansen CEO Alex Svanevik revealed the secret fund transactions between Celsius and Voyager Digital in a series of tweets. It comprises approximately $174 million in USDC, 65,000 ETH, and a little in small tokens.

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.

 

Additionally, he also revealed 3 addresses where a sizable quantity of ETH was transmitted, one of which is thought to be Genesis.

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.

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Vaishali Goel
Vaishali Goel
Technology enthusiast, explorer and academic scholar. Currently exploring the crypto world. Join me in my journey to see how crypto, NFT and Metaverse will change the world.
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