Crypto Rug Pull News: Crypto brokerage firm, Voyager Digital which filed for Chapter 11 bankruptcy back in 2022, is preparing to reopen partial withdrawal for its users. On-chain data tracker reports that the troubled crypto firm transferred tokens out from its hot wallet.
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On-Chain data of the wallet address 0x500a746c9a44f68fe6aa86a92e7b3af4f322ae66 associated with Voyager depicts massive altcoin transfers. It should be noted that the creditors can withdraw about 35% of their crypto holdings with Voyager between June 20 and July 5, 2023.
The trouble crypto firm moved around 350 billion Shiba Inu coins (approx worth $2.6 million) in multiple transactions. However, the biggest transaction recorded turns out to be of moving 70 Billion SHIB (approx worth $537k) from the hot wallet. SHIB is trading at an average price of $0.0000073, at the press time.
The second biggest meme crypto price is up by around 7% in the past 7 days. However, it is expected the upcoming Voyager Users’ withdrawal can increase the selling pressure for Shiba Inu Coin.
Source: Etherscan
Voyager linked wallet then moved 279.79k Polygon (MATIC) tokens (approx worth $180k) in a single transaction. However, the crypto firm moved a minor amount of MATIC tokens before this mega transaction.
MATIC’s 7% price surge in the last 24 hours has managed to provide it relief from the recent downward trend. Meanwhile, a price drop is expected ahead as Voyager users seeks to recover their funds.
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