Voyager Requests Alameda To Repay $200M Loan

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In a recent court filing, Voyager requested trading firm Alameda Research to repay its $200M loan by September 30.

According to the notice filed with the Bankruptcy Court in New York, Alameda borrowed crypto funds from Voyager in September 2021. The amount borrowed by Sam Bankman-Fried’s Alameda Research was close to $380M at that time. 

Voyager Digital has now requested Alameda to give back 6,553 BTC (approx. $127M) and 51,000 ETH ($68M) latest by September 30. In return, the bankrupt crypto lending platform will release Alameda’s $160M worth of collateral. This includes 63.75M Serum tokens and 4.65M FTX Tokens (FTT).

Earlier in July, Alameda stated it would “happily” return Voyager’s loan to receive its collateral “whenever it works for Voyager.”

The two firms also signed an NDA to prevent the disclosure of “potential lending arrangements” in 2021. Voyager also requested the court to keep Alameda’s wallet holding s private, citing,

“Making [Alameda’s] cryptocurrency wallet addresses public would allow anyone to view [its] wallet holdings and transactions, potentially causing unwarranted speculation and attention surrounding any account activity.” 

Voyager’s financial documents revealed that Alameda offered a $500M bailout to assist in the platform’s recovery in June. Voyager rejected this offer, claiming that the deal would hurt its customers.

Lastly, the objection deadline is September 22, and the court hearing is scheduled for September 29. 

Written by
Ayush Pande

In a recent court filing, Voyager requested trading firm Alameda Research to repay its $200M loan by September 30.

According to the notice filed with the Bankruptcy Court in New York, Alameda borrowed crypto funds from Voyager in September 2021. The amount borrowed by Sam Bankman-Fried’s Alameda Research was close to $380M at that time. 

Voyager Digital has now requested Alameda to give back 6,553 BTC (approx. $127M) and 51,000 ETH ($68M) latest by September 30. In return, the bankrupt crypto lending platform will release Alameda’s $160M worth of collateral. This includes 63.75M Serum tokens and 4.65M FTX Tokens (FTT).

Earlier in July, Alameda stated it would “happily” return Voyager’s loan to receive its collateral “whenever it works for Voyager.”

The two firms also signed an NDA to prevent the disclosure of “potential lending arrangements” in 2021. Voyager also requested the court to keep Alameda’s wallet holding s private, citing,

“Making [Alameda’s] cryptocurrency wallet addresses public would allow anyone to view [its] wallet holdings and transactions, potentially causing unwarranted speculation and attention surrounding any account activity.” 

Voyager’s financial documents revealed that Alameda offered a $500M bailout to assist in the platform’s recovery in June. Voyager rejected this offer, claiming that the deal would hurt its customers.

Lastly, the objection deadline is September 22, and the court hearing is scheduled for September 29. 

Written by
Ayush Pande