Voyager has withdrawn $344 million in USDC from exchanges so far: Arkham
Quick Take
- Voyager’s USDC withdrawals from crypto exchanges has reached $344 million.
- These withdrawals are likely based on massive liquidations of the bankrupt lender’s crypto assets.
Bankrupt crypto lender Voyager has transferred $344.5 million in USDC from Coinbase and market makers like Wintermute since it began liquidating funds on January 24.
In February, Voyager withdrew $204 million of USDC, while so far this month it has transferred out $117.84 million of USDC as of 02:30 PM ET on March 7, according to on-chain data provided by Arkham Intelligence. Data from Etherscan shows two more withdrawals today totaling $22.26 million worth of USDC.
The company has been sending crypto tokens to exchanges and withdrawing USDC, which suggests it is selling the assets. Voyager has so far deposited $66.8 million worth of crypto assets to exchange-labelled addresses this month, according to Etherscan data. The largest of these deposits have been $39.2 million in ether and $20 million in SHIB.
The size of the withdrawals in March point to an uptick in crypto liquidations by Voyager. Arkham previously stated that Voyager was liquidating its assets at a rate of about $100 million per week.
Binance.US received approval from a U.S. federal court on March 7 to proceed with its planned acquisition of the failed crypto lender.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.