Alameda Research, the trading arm of Sam Bankman-Fried’s bankrupt crypto exchange FTX, is seeking to recoup about $446 million in loan payments from similarly bankrupt crypto lender Voyager Digital.
According to a filing in Delaware bankruptcy court Monday, FTX — filing on behalf of Alameda — said that before Voyager filed for bankruptcy in July, it provided loans to Alameda, which Alameda repaid before it, too, filed for bankruptcy in November. Now, Alameda is trying to get those payments back, potentially to repay some of FTX’s other creditors.
FTX and Alameda offered to buy all of Voyager’s assets and loans last July, ostensibly to provide liquidity to Voyager’s customers, but Voyager rejected the offer, calling it a “low-ball bid dressed up as a white knight rescue.”Two months later, FTX declared bankruptcy and Bankman-Fried resigned as CEO; he has since been indicted in a multibillion-dollar fraud case, which includes allegations that Alameda took money from FTX customers to pay for its risky bets.
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