Mon. Oct 3rd, 2022


Sam Bankman-Fried’s trading firm Alameda Research will repay around US$200 million in cryptocurrencies to bankrupt digital assets broker Voyager Digital by Sept. 30.

See related article: Voyager Digital issues notice of default to 3AC

Fast facts

  • Alameda owes Voyager about 6,553 Bitcoins, more than 51,000 Ether and smaller amounts in various tokens including USDC, DOGE and SAND, according to a court filing.
  • Voyager Digital, on its part, will return Alameda’s loan collateral of 4.65 million FTT and 63.75 million SRM, the court filing shows.
  • Earlier this year, Voyager Digital had filed for Chapter 11 bankruptcy in a U.S. court, stating it has more than 100,000 creditors and outstanding loans of US$1.1 billion.  
  • Sam Bankman-Fried, the Chief Executive Officer of crypto exchange FTX extended a buyout offer for the bankrupt firm’s assets and loans, which Voyager called a “low-ball” offer. 

See related article: Sam Bankman-Fried lashes out at Voyager for rejecting FTX’s proposal 



Source link

By