Alameda Research to pay off $200 million in debts to Voyager
FTX crypto exchange, previously associated with the company, won the auction to buy the bankrupt broker
20.09.2022 - 10:40
239
2 min
0
What’s new? Alameda Research, owned by FTX crypto exchange CEO Sam Bankman-Fried, will close a $200 million debt to creditors of the bankrupt crypto broker Voyager Digital. The payment will come in the form of 6 553 BTC (~$127,6 million) and 51 204 ETH (~$70,1 million). According to the lawsuit, the loan is due to be repaid by September 30.
More details about the situation. When Alameda pays Voyager’s debts, the company will receive the collateral assets used by the crypto broker as collateral: 4 650 000 FTT (~$112 million) and 63 750 000 SRM (~$49 million).
Earlier, FTX won the auction to buy Voyager’s assets. The exchange was competing with the investment company Wave Financial, its representatives did not disclose the amount of the bid.
What is known about Voyager? On July 1, the cryptocurrency broker suspended all operations on its platform. The company had about $685 million in cryptocurrency in its accounts, and the volume of loans issued exceeded $1,1 billion. Of that amount, about half was lent to the bankrupt hedge fund Three Arrows Capital. On July 6, Voyager filed for bankruptcy in a New York court. In August, the US court granted the broker the approval to return $270 million in fiat deposits to customers.
Useful material?
Market
Tether Finance division will be responsible for the issuance and redemption of USDT stablecoins
Apr 18, 2024
Trends
The first project introduced on the platform will be BounceBit (BB)
Apr 18, 2024
Business
The rate exchange of the native ACH token reacted with a 10% increase
Apr 18, 2024
Market
Miners are hunting for the first block after halving as the value of the first satoshi could exceed $1 million
Apr 18, 2024
Market
The platform will be non-custodial and accessible to everyone
Apr 15, 2024
Market
China Asset Management, Harvest Global Investments, and Bosera Asset Management have received permits
Apr 15, 2024