Voyager had given a deadline to its users previously to withdraw 36% of their tokens held on the platform.
As the company faces financial turbulence, it aims to optimize its assets, and we may expect more significant transfers in the coming weeks.
Previously, Voyager allowed users to claim and withdraw 35.72% of their token holdings between June 20 and July 5. If customers chose not to withdraw during this period, the firm would sell the tokens after 30 days and compensate them in USD. Now that the cryptocurrency claims period has ended, Voyager will sell the remaining tokens and provide compensation in fiat currency.
Voyager’s selection of Coinbase as its custodial service provider is a strategic decision. The US exchange is renowned for its stringent security measures and extensive experience in the cryptocurrency space, offeringGiven the volatility of the cryptocurrency market, the movements of Voyager and its assets are closely observed by investors and industry experts.may serve as precedents for other firms facing challenges in this ever-evolving industry.
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