Voyager Responds To FTX’s Attempt Of Recovering $446 Mn – Crypto News – Crypto News
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Voyager Responds To FTX’s Attempt Of Recovering $446 Mn – Crypto News

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2 years ago

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As per the court filing, the Creditors of Voyager and Voyager Digital itself has been rejected ftx sister company Alameda Research’s attempt to recover $445.8 million in loan repayments that were made to Voyager Digital before the bankruptcy filing.

Voyager Creditors Respond

As per the filing, Alameda’s claim should be equitably subordinated to all other creditor claims. Voyager creditors have argued that Alameda’s unfair and fraudulent conduct has delayed creditor recoveries and caused a loss of between $114 million to $122 million.

The filing also detailed that Alameda made a series of false statements in connection with its attempt to acquire Voyager indicating that it was financially strong. Also, it falsely represented that it had a “bottomless sea of ​​ordinary cryptocurrency,

$446 Million Loan Breakdown

It was earlier reported by CoinGape, FTX claimed that it had paid Voyager $248.8 million in September and $193.9 million in October on Alameda’s behalf. In addition, FTX paid $3.2 million in interest in August.

Binance US Voyager Deal

Voyager has received its initial court approval for a proposed sale of its assets to Binance US for $1.02 billion. On January 11, US Bankruptcy Judge Michael Wiles approved the asset purchase agreement deal between Voyager and Binance US. However, this is not considered final until a court hearing takes place in the future.

Also Read: Voyager-Binance Deal: Customers To Recover 51% Of Pre-Bankruptcy Crypto Assets

Divya is a crypto enthusiast. Loves to read and learn about crypto.

The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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