Shiba Inu Investors at Risk: 3.1 Trillion Threat of Sale Expected

Binance.US, known as the US-based arm of Binance, has recently canceled a $1.3 billion deal for the assets of the bankrupt Voyager. The exchange canceled the deal, citing the “hostile and uncertain” regulatory environment in the US. But this also raised a possibility that worries the Shiba Inu (SHIB) community. Here are the details.

Binance.US cancels $1.3 billion deal to buy Voyager’s assets did. The decision was influenced by the growing regulatory uncertainty surrounding the crypto scene in the United States, according to the exchange.

It is worth remembering that the SEC and leading regulators objected to the Binance.US deal in February. Regulators cited several reasons for their opposition, including Binance.US’s relationship with Binance and the security of the Binance.US platform. Despite objections, Binance.US continued to push for the deal. As a result, the dispute moved to court and jurisdiction. Michael Wiles dismissed the objections as unfounded. Wiles has given approval for the purchase. However, Binance.US canceled the deal in light of recent sanctions actions by US regulators, primarily the SEC and CFTC.

How Will the Shiba Inu Be Affected?

The termination of the acquisition agreement indicates that Voyager will continue to liquidate its crypto assets. These assets include 3.1 trillion Shiba Inu.

Koinfinans.com As we reported, Voyager has been selling its holdings, especially SHIB, since the beginning of the year. But the bankrupt company had to pause its sales campaign last month with the remaining 3.1 trillion SHIB ($32.3 million). The 3rd largest asset held by the company is Shiba Inu, with USDC ($ 129.5 million) and ETH ($ 72.9 million) in first and second place, respectively.

It is not yet clear how this systematic sale will affect the market, although market participants believe the impact will be minimal or nonexistent. With Voyager’s sales campaign that began earlier this year, 5.62 trillion Shiba Inu (SHIB) have been dumped onto the market.

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