Dune Analytics has shared the latest data on Voyager’s assets. According to this, trillions of Shiba Inu are likely at risk of being sold. Meanwhile, InterFi has confirmed that Bad Idea AI’s smart contract is secure. Accordingly, it has confirmed that it does not contain significant security vulnerabilities.
Trillions of Shiba Inu are at risk of being sold!
The latest data from Dune Analytics on Voyager’s assets points to a significant amount of SHIB held by the bankrupt crypto lender. Hence the risk of selling trillions of Shiba Inu. According to Dune Analytics data, Voyager costs two trillion SHIBs, worth $15.7 million, or 2,060,881,606,627 to be exact. The Shiba Inu accounts for 8.9% of Voyager’s assets. This makes it the fourth largest asset holding.
Bitcoin currently makes up the largest portion of Voyager’s assets. Accordingly, 39.1% of the bankrupt company’s assets, or $69 million, is held in BTC. It is followed by Ethereum and USD, each at 28.9% ($51 million) and 10.6% ($18.6 million).
Voyager has been selling SHIB assets and other assets since the beginning of the year. In April, the amount of SHIB Voyager held was 3.1 trillion tokens. Compared to the current figure for the amount of SHIB it holds, there is a drop. However, the most likely scenario would be that the bankrupt crypto lender may continue to liquidate crypto-asset holdings in order to raise liquid funds to compensate affected traders. It is possible that this puts the two trillion SHIB tokens it holds on its platform at risk of “sell”. Meanwhile, cryptocoin.comAs you follow, Binance.US withdrew from the deal to buy the assets of Voyager, which went bankrupt in April, for more than $1 billion.
Voyager continues withdrawals
As Wu Blockchain reported, Voyager reopened withdrawals to users on June 23. He then experienced a net outflow of $250 million in crypto assets. The bankrupt crypto lender allowed investors to start withdrawing money nearly a year after it was shut down and filed for Chapter 11 bankruptcy. The platform currently holds $176 million in crypto assets with a Clean Asset ratio of 96.15%.
Last month, plans were laid out for Voyager’s platform to reopen to users from June 20 to July 5 so that creditors can withdraw about 35% of their cryptocurrencies. Voyager discontinued deposits and withdrawals when it closed its main operation last year.
Shiba Inu partner passes smart contract security audit
Blockchain security firm InterFi has extensively analyzed the solidity code of Bad Idea AI. Consisting of automated and manual assessments, the analysis focused on identifying common contractual vulnerabilities and centralized exploits. It performed this assessment at the request of Bad Idea AI. InterFi’s audit team released a comprehensive report after their rigorous review.
InterFi was unable to detect any critical or significant issues in Bad Idea AI’s robustness code. Therefore, the report provides reassuring news. This finding reveals that the smart contract associated with Bad Idea AI is secure. It also means individuals and organizations can use it with confidence.
The absence of critical vulnerabilities indicates that the Bad Idea AI smart contract is highly resistant to exploitation. The developers designed their contracts to prevent any possible loss or manipulation. So users can rest assured that their assets and data are protected.
SHIB team member Lucie praised BAD for passing the audit.
A few days ago, the Shiba Inu team announced Bad Idea AI as their official partner. This development took place shortly after this partnership. Bad Idea AI is an innovative project that combines Blockchain, AI and DAOs and is developing rapidly. Prior to this partnership, all Bad Idea AI services and products were added to the official Shib website. Following the news of the partnership, Bad Idea AI’s native token BAD also made it onto the list of well-known crypto data aggregation platforms such as CoinMarketCap and CoinGecko. In addition, BAD is now available for trading on three decentralized exchanges: ShibaSwap, SushiSwap and Uniswap.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.