Connect with us


Alameda Research to recover $446 million in crypto paid to Voyager Digital



Alameda to recover $446 million in crypto paid to Voyager Digitalon moved via unauthorized transfers... Details inside
Source: Pexels

  • Defunct crypto trading firm Alameda Research is aiming to reclaim $446 million transferred to bankrupt lender Voyager Digital.
  • Voyager had ten different loan sheets with Alameda at the time it filed for bankruptcy.

According to a new lawsuit, defunct crypto trading firm Alameda Research, one arm of FTX founder Sam Bankman-Fried’s former empire, is aiming to reclaim $446 million transferred to bankrupt lender Voyager Digital prior to Alameda’s own bankruptcy filing.

A complaint filed yesterday against Voyager Digital and HTC Trading mentions that Alameda repaid all of Voyager’s outstanding loans after the lender declared bankruptcy last July. Some of these loans had not yet matured when Voyager requested repayment.

Alameda Research behind FTX collapse?

According to the filing, the collapse of Alameda and its affiliates was widely publicized due to allegations that Alameda was secretly borrowing billions of FTX exchange assets. There has also been a lot of debate around the role played by Voyager and other cryptocurrency lenders who funded Alameda, fueling that alleged misconduct, either knowingly or recklessly.

According to the filing, Voyager had ten different loan sheets with Alameda at the time it filed for bankruptcy. Voyager claimed in various filings in September and October 2022 that it held FTT (an exchange token issued by FTX) and SRM (the Serum protocol token) as collateral for loans made to Alameda in the form of various cryptocurrencies such as Bitcoin [BTC], Dogecoin [DOGE], Ether [ETH], USD Coin [USDC], and Litecoin [LTC].

The filing mentioned that Alameda repaid Voyager its loans in cryptocurrencies, including BTC and ETH.

In the filing yesterday, lawyers stated that they were unable to determine whether Voyager held a valid and effective lien or security interest in this collateral at any time, or whether the alleged collateral was actually linked to any of Alameda’s obligations.

According to the filing, Alameda requests that the court rule that the transfers were avoidable preferential transfers and award Alameda at least $445.8 million, plus the value of any additional avoidable transfers discovered by the plaintiff, as well as any fees incurred.

Read the best crypto stories of the day in less than 5 minutes

Subscribe to get it daily in your inbox.

Please select your Email Preferences.

Ser Suzuki Shillsalot has 8 years of experience working as a Senior Investigative journalist at The SpamBot Times. He completed a two-hour course in journalism from a popular YouTube video and was one of the few to give it a positive rating. Shillsalot's writings mainly focus on shilling his favourite cryptos and trolling anyone who disagrees with him. P.S - There is a slight possibility the profile pic is AI-generated. You see, this account is primarily used by our freelancer writers and they wish to remain anonymous. Wait, are they Satoshi? :/

Click to comment

Leave a Reply

Your email address will not be published.

Disclaimer: AMBCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.