Bankrupt crypto lender Voyager Digital has been selling off more than $350 million worth of crypto-assets from its on-chain holdings over the past 6 weeks, according to blockchain intelligence firm Arkham.

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Voyager has been using Binance US, Coinbase, and direct OTC with Wintermute in order to clear their books.

Since the beginning of March alone, Voyager has sent a total of $138.88M over 25 different crypto-assets to Market Makers and Exchanges.

Their top 3 largest liquidated assets this month consist of:

ETH $100.74M

SHIB $25.83M

VGX $11.22M

Their liquidation process began in January with $36.27M of MATIC moved to exchanges.

However, they have seriously stepped up the rate of selling since then.

In January, only a single transaction was made: $36.27M MATIC.

In February, a total of $183.37M worth of crypto-assets were deposited by Voyager-tagged addresses over that month.

A total of $138.88M has been deposited since March 1st - in only 9 days!

Voyager tends to use Coinbase for liquidations - with the vast majority of their transactions occurring using new Coinbase deposit addresses.

About 3-4% of their total liquidation volume was done directly OTC with Wintermute addresses.

Most, however, is likely sold on-market.

So: What assets exactly have been sold?

Voyager has sent a list of 50 different crypto-assets to exchanges over the past 3 months. The largest were:

ETH: $181.74M

SHIB: $67.54M

VGX: $28.82M

What do Voyager have left to sell? Voyager has around $760M worth of assets remaining - with the vast majority already converted to USDC. Their addresses still hold: $151.22M in ETH $49.53M in VGX $41.4M in SHIB

It is likely that all of these crypto-assets will be sent to Coinbase in the coming days.

However, traders may take solace in knowing that the Voyager asset holdings have by now been mostly liquidated.

Up to now, Voyager has sold off $358.52M worth of crypto-assets, with around $271.5M remaining to liquidate.

They have received a total of $407.34M USDC over the past 3 months.

The difference may be due to native BTC liquidation, or Voyager's pre-existing balance on Coinbase.