Alameda Research sues Voyager Digital for US$445.8 mln 



Alameda Research, the brokerage arm of cryptocurrency exchange, has sued bankrupt digital assets lender Voyager Digital to reclaim US$445.8 million in loan payments made before FTX filed for its own bankruptcy.

See related article: Bankrupt FTX exchange has recovered US$5 bln worth of ‘liquid’ assets, lawyers say

Fast facts

  • Voyager filed for Chapter 11 bankruptcy last July and “demanded repayment of all of its outstanding loans to Alameda,” FTX lawyers claimed on behalf of Alameda in Monday’s court filings. “Voyager was repaid in full.”
  • FTX claimed the loan payments were made over three separate occasions from August to October last year. The exchange’s lawyers argued that the loans should be made available for clawback as the transactions took place before the Bahamas-based exchange filed for bankruptcy in November.
  • The filing further alleged that Voyager and other crypto lenders played a role in the misappropriation of FTX user assets by Alameda and “fueled that alleged misconduct, either knowingly or recklessly.”
  • FTX offered US$1.42 billion to acquire bankrupt Voyager Digital and its assets in September, but the crypto lender rejected the proposal.

See related article: Sam Bankman-Fried’s family members are not cooperating with FTX attorneys, court documents claim


Source link

Comments are closed.