According to the latest news, cryptocurrency company Voyager Digital is planning to liquidate 38 crypto assets. Among the 38 cryptocurrencies to be liquidated are ALGO, ATOM, AVAX, WAVES and LUNA.
Voyager Digital will liquidate 38 cryptos, including WAVES!
cryptocoin.com As we reported, there are allegations that Voyager Digital is planning to liquidate 38 cryptocurrencies. On the subject, a crypto entrepreneur named Joshua Jake shared this warning:
Warning! The following 38 crypto assets will be liquidated by Voyager in the near future.
Warning🚨 The following 38 #crypto assets will be liquidated by Voyager in the near future. pic.twitter.com/CQgsEdkDrY
— Joshua Jake (@itzjoshuajake) May 7, 2023
The screenshot shared by Jake includes the details mentioned. Accordingly, Voyager will liquidate assets on or after the ‘Effective Date’. The screenshot also includes the list of tokens in question. Full list: Algorand (ALGO), Cosmos (ATOM), Avalanche (AVAX), BTT, Pancake Swap (CAKE), CELO, CKB, DGB, Polkadot (DOT), MultiverseX (EGLD), EOS, Filecoin (FIL), Flow Network (FLOW), Hedera (HBAR), Internet Computer (ICP), ICX, IOTA, Kava Network (KAVA), KSM, Terra (LUNA), Terra Classic (LUNC), INFO, ONT, Optimism (OP), OTUM, RAY, ROSE, Solana (SOL), TRX, IVET, WAVES, XLM, XMR, XTZ, XVG, ZEC and ZEN.
What is behind the purge?
The coins mentioned in the list are at risk of liquidation as they are not backed by Voyager. The screenshot shared by Jake is taken from the important update shared by Voyager on the first recoveries for customers on May 8th. According to the announcement, the estimated initial recovery amount for a customer’s request is 35.72%. It is important to note that this is only an estimate and the actual recovery percentage can vary significantly. Initially, customers will receive their recovery in the form of supported coins, USDC and VGX for unsupported coins. Alternatively, customers have the option to choose to receive cash instead.
Voyager also talked about the list of supported cryptocurrencies on the platform. The platform also provides any crypto withdrawal window and information about what happened to VGX, why users didn’t get all their crypto, etc. Mentioned other frequently asked questions, including In addition, he noted that users do not need to take any additional steps if they choose to receive their initial recovery in US dollars only. He also noted that once the 30-day cryptocurrency withdrawal window is over, their accounts will be liquidated. He stated that in this case, they would be provided with US dollars. Voyager also said that this can be done via a check or a potential ACH withdrawal. .
