Amid its ongoing bankruptcy case, Voyager has liquidated more than $80 million since March 8, according to on-chain data sourced from Arkham Intelligence.
The bankruptcy judge in the Voyager Digital case chose to allow the deal with Binance.US over objections from the U.S. Securities and Exchange Commission and state regulators.
Rewards program included high-yield interest accounts, a refer-a-friend scheme and a mechanism to share in the spread of trades should they execute at a lower asking price.
Blockchain transaction data by Arkham Intelligence shows Voyager Digital transferred some $121 million of crypto assets to exchanges in February and received some $150 million in USDC stablecoins in the last four days, likely proceeds from sales.