September 29, 2022

In keeping with the lawsuit, Sam Bankman-Freed’s Alameda Analysis will return $200 million in crypto he borrowed from bankrupt crypto lending platform Voyager Digital.

The buying and selling agency, based by the CEO of cryptocurrency change FTX, took out a cryptocurrency mortgage from Voyager final yr that was price about $380 million on the time.

Alameda will return about 6,553 bitcoins, in addition to about 51,000 ether, together with accrued charges, by the tip of September, in keeping with an announcement filed on Monday.

In return, Voyager will return a $160 million collateral, together with 4,650,000 FTT in FTX cryptocurrency and 63,750,000 SRM (Serum) tokens.

By way of his official Alameda Twitter account beforehand mentioned it was opened to repay a $200 million mortgage and return its collateral. However relations between the 2 firms have been strained just lately as Voyager looked for a purchaser amid chapter proceedings.

In July, three firms related to Bankman-Fried, together with FTX and Alameda Analysis, provided to purchase most of Voyager’s digital property and digital asset loans, in addition to give their clients, who’ve been blocked from withdrawing funds from the platform for months, the chance to return a part of your cash.

Regardless of a constructive response from some Voyager clients looking for some form of compensation, the corporate turned down the provide, calling it “an inexpensive provide dressed up as a white knight’s rescue.”

Nevertheless, FTX has emerged as a probable purchaser for Voyager in current days, in keeping with CoinDesk, though the provide quantity has not been disclosed.

Voyager Digital filed for Chapter 11 chapter in July, days after it suspended withdrawals from its platform. The corporate was hit by the collapse of the stablecoin TerraUSD and its cryptocurrency subsidiary Luna earlier this yr, and was additionally hit by what on the time was $661 million from the once-famous cryptocurrency hedge fund Three Arrows Capital.


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