After US Court Passes FTX Request To Repurchase $ one.four Billion In Voyager Cryptocurrencies At the finish of October, it is recognized that the lending platform has not transferred any assets to FTX so far.
As reported by Coinlive, Traveler is a single of the severely impacted cryptocurrency firms liquidity crisis launched on the industry in the middle of this yr. The organization had to “hot loan” virtually $ 500 million from the Alameda Research fund by Sam Bankman-Fried (also struggling).
However, Voyager Digital had to file for bankruptcy in July 2022, FTX at this time created an provide to repurchase $ one.four billion of Voyager assets Saving broken customers if they signal up for an FTX exchange account.
The proposal was later on accepted by the US court, but is nevertheless awaiting a selection by the consumer local community on regardless of whether to agree to promote the assets to FTX, with voting deadline on November 29. However, this signifies that there will be no official transactions so far (eleven November).
Voyager’s creditors’ committee also issued a correction on this concern:
We want to clarify that the FTX / Voyager transaction has not been consumed. Voyager did not transfer any cryptocurrency or other assets to FTX in connection with the transaction. The UCC will get all required measures to safeguard the interests. We are evaluating all alternatives.
– Official Voyager Unsecured Creditors Committee (@VoyagerUCC) November 10, 2022
“We would like to clarify that the FTX / Voyager transaction has not been completed, Voyager has not transferred any crypto assets to FTX. We will take all necessary measures to protect the interests of creditors ”.
There are rumors that Voyager is portion of the induce of the Alameda and FTX series of scroll results. Notably, Alameda misplaced its lead soon after the collapse of Voyager, forcing Sam to come across a way to conserve himself and transfer at least $ four billion from FTX money to Alameda. Difficulties accumulated when Sam was ready to tackle the manpower when a portion of four billion was deposited by consumers, they accumulated gaps in the fiscal management of the organization, which was also the most important explanation why CZ made the decision to “stop solve the problem”. conserve “FTX”.
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