HomeCryptoAlameda Research Wants to Recover $446 mn from Voyager Digital.

Alameda Research Wants to Recover $446 mn from Voyager Digital.

The now-defunct crypto trading firm Alameda Research wants to recover around $446 million which it had transferred to Voyager Digital prior to the November bankruptcy filing.

A lawsuit says FTX cryptocurrency exchange’s sister company repaid all of its outstanding loans to Voyager after the lender filed for bankruptcy in July 2022. Some of the loans had yet to mature when Voyager requested the repayment. The court filing said the collapse of Alameda and its affiliates amid allegations that Alameda was secretly borrowing billions of FTX exchange assets.

But this was largely lost on the alleged misconduct of Alameda and its now-indicted former leadership. The report highlights that Voyager had 10 different loan sheets with Alameda at the time when it filed for bankruptcy. Voyager claimed in various filings in September and October 2022 that it held FTT and SRM as collateral for loans made to Alameda in the form of various cryptocurrencies, including Bitcoin, Ether, Dogecoin, Litecoin, and USDC among others.

The filing says Alameda repaid Voyager its loans in the form of Bitcoin, Ether, and other cryptocurrencies. In Monday’s filing, lawyers for Alameda said they had been unable to determine whether Voyager held a valid and effective lien or security interest in the collateral at any time, or whether the purported collateral was tied to any of Alameda’s obligations.

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Azeem
All for the test.
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