Cryptocurrency lending platform Voyager DigitalAnnouncing that he gave a loan to support Alameda Research, Voyager’s second-largest debtor turned out.
Sam Bankman Fried, founder of FTX‘s crypto company Alameda Research has been the subject of criticism in the crypto industry, including Binance CEO CZ, with a $377 million debt to Voyager.
Binance CEO CZ, criticized FTX and Alameda Research, both founded by SBF, for making such deals.
In his latest post, CZ drew attention to the complex relationship between FTX/Alameda and Voyager. “…Voyager went bankrupt. Didn’t FTX save them or refund the money?” commented.
So, 3AC owes Voyager a few 100m, went bust. FTX/Alameda gives 3AC $100m, but didn’t save it.
Alameda invests in Voyager, then takes a $377 million loan from Voyager… ok…
V went bust. FTX didn’t “bail them out” or return the money?
hard to follow?https://t.co/yx6RJjVZrB
— CZ 🔶 Binance (@cz_binance) July 7, 2022
In addition, the SBF is in a difficult situation due to the declines in crypto. crypto- It made headlines when he said he was helping their company and was actually one of Voyager’s biggest debtors.
Taking action after these discussions, FTX founder SBF and Alameda Research said in a statement on their Twitter account that they agreed to pay the Voyager loan and take back the collateral.
“I am happy to return the Voyager loan and get our collateral back when it works for Voyager.”
happy to return the Voyager loan and get our collateral back whenever works for voyager
— Alameda Research (@AlamedaResearch) July 8, 2022
What Happened?
Recently, Voyager Digital also filed for bankruptcy. The company’s exposure to Three Arrows Capital (3AC) and the resignation of 3AC were cited as the reason for the bankruptcy.
Before Voyager went bankrupt, he tried to save the company, FTX founder from SBF’s company Alameda Research. Bitcoin (BTC) and USDC signed a loan agreement of 500 million dollars.
While everyone thought Alameda was helping Voyager, Alameda turned out to be Voyager’s second-largest debtor.