Alameda Research Claims Voyager Digital Over $445 Million

An investment fund founded by Sam Bankman-Fried Alameda Research sued and asked Voyager Digital to reimburse him for $445.eight million.

According to a filing in federal bankruptcy court in Delaware (USA) on January thirty, Alameda Research – the correct arm of the FTX empire – needs to recover about 446 million bucks transferred to Voyager Digital prior to filing for bankruptcy.

The attorneys also note that the complete quantity Alameda needs to pay out back could be much more than that, if they uncover proof of payments to Voyager. Additionally, Voyager is also demanded to pay out other bills for the legal procedure.

Alameda Research was a single of much more than one hundred FTX-affiliated organizations that filed for bankruptcy safety in November 2022. Meanwhile, a very similar problem befell Voyager Digital, the primary lending platform that went down considering that July.

Voyager has previously had to borrow $200 million in income/USDC and 15,000 Bitcoin (BTC) from Alameda Research, with the complete worth at the time of the loan up to $485 million. However, that quantity was nonetheless not adequate to clear the problem, Voyager then had to file for bankruptcy underneath stress to consider income out of consumers and acquired concerned by Three Arrows Capital (3AC).

Ironically, Voyager unveiled that Alameda Research is the unit that owes them up to $377 million, the 2nd-greatest debtor right after only 3AC, the investment fund that went bankrupt just days earlier. Therefore, Alameda Research is the two a creditor, debtor and shareholder of Voyager.

According to a lawsuit filed towards Voyager Digital and HTC Trading, Alameda has presently repaid all of its excellent loans to Voyager right after the lending giant filed for bankruptcy. Some of these loans had not nevertheless expired when Voyager requested repayment.

At the time, Voyager had ten various loans with Alameda. In its September and October 2022 filings, Voyager says it has taken FTT (FTX Exchange Token) and SRM (Serum Protocol Token) as collateral for loans in the type of Bitcoin, Dogecoin, Ethereum, USDC, Litecoin and other coins.

The filing also confirms that Alameda has paid off Voyager’s debt in the type of Bitcoin, Ethereum, and other cryptocurrencies as over.

Alameda’s attorneys extra:

“It is not possible to determine whether Voyager has a lien or security interest in the assets and whether the security is actually related to any of Alameda’s title obligations. They are not.”

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