On-chain recordsdata suggests that bankrupt crypto lender Voyager has been sending sources to Coinbase on a day-to-day basis.

In a series of tweets on Feb. 26, blockchain pockets tracker Lookonchain chanced on that Voyager acquired $100 million value of stablecoin USDC from Coinbase in the last three days.

Since Feb. 14, on-chain recordsdata reveals that Voyager transferred sources to the U.S.-essentially essentially based fully crypto change nearly daily. Meme-coin Shiba Inu (SHIB) makes up nearly all of these asset transfers, with $28 million value of SHIB sent on-chain. Voyager’s Ethereum (ETH) transfers came in a end 2d, with $25 million value of ETH sent to Coinbase.

Lookonchain’s investigation estimates that Voyager quiet holds $631 million value of cryptocurrency, of which $276 million sits in ETH.

Some members of the crypto team think that Voyager’s asset sale contributed to the downward power on the market all over the last few days.

“Reckon this ongoing sale is unquestionably among the last few huge casualties of contagion to be executed off,” tweeted Andrew Kang, co-founding father of Mechanism Capital.

Binance.US used to be situation to accumulate Voyager’s crypto sources in a $1 billion deal that, till not too prolonged ago, looked esteem it used to be transferring ahead. Alternatively, the U.S. Securities and Commerce Commission (SEC), along with the Federal Commerce Commission (FTC) and Texas’ Direct Securities Board, get antagonistic the proposed buyout.

“Any monetary catastrophe judge would favor to approve a blueprint that attracts 97% toughen from collectors. Nonetheless, whenever you are going to get authorities regulators coming in on the last minute to argue that aspects of the deal will likely be illegal—that’s slightly some extent to stopper,” James Murphy, a securities felony legit, suggested Forbes earlier this week.