Sam Bankman-Fried bankrupt crypto trading company Alameda Research Ltd. bankrupt digital asset lender From Voyager Digital Ltd trying to get back about $446 million.
Sam Bankman-Fried’s Crypto Company Alameda Wants to Get $446M Back from Voyager Digital
Alameda had repaid Voyager loans just before its bankruptcy. According to court documents, there are deep ties between the two firms.
The funds are related to the cryptocurrency loans Voyager provided to Alameda before it filed for bankruptcy in July. Alameda had repaid the loans shortly before its own bankruptcy filing.
That’s why it’s trying to recover funds using bankruptcy rules designed to ensure that some creditors are not favored over others, according to court documents.
His lawyers said in court documents that Alameda could uncover additional payments it wants to recover while the case is pending.
Voyager and Alameda are deeply intertwined. When Voyager filed for bankruptcy, court documents showed that Alameda lent money to Voyager, borrowed money from it, and was one of its largest shareholders.
FTX, the crypto exchange division of Bankman-Fried’s empire, was scheduled to buy Voyager out of bankruptcy before the exchange’s bankruptcy in November.
Alameda’s lawyers filed a complaint with the bankruptcy court on Monday, saying: “Voyager and others who turned a blind eye to the alleged misconduct of Alameda and its now-accused former leadership, who financed Alameda and who knowingly or recklessly incited the alleged misconduct. cryptocurrency There has been a role played by ‘lenders’,” he wrote.
No response has yet been received from Voyager to a request for comment.
*Not investment advice.
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