Alameda Research 'happy to repay' $200 million loan to Voyager Digital
The trading company will pay off the debt, which has fallen nearly twice by dollar estimates, by the end of September.
New
Quantit trading firm Alameda Research will return an estimated $200 million to Voyager Digital, which is in bankruptcy. Alameda borrowed the funds in cryptocurrencies in September 2021. At that time, the sum was close to $380 million.
According to a recent filing with the bankruptcy court for the Southern District of New York, the parties have reached an agreement and Alameda will return approximately 6,553 bitcoin (BTC) and 51,000 ether (ETH) by September 30. In his corporate Twitter account Alameda confirmed that he was ready to return the funds:
happy to repay the Voyager loan and get our collateral back whenever it works for travel
— Alameda Research (@AlamedaResearch) July 8, 2022In turn, Voyager will have to return the collateral in the form of 4.65 million FTX tokens (FTT) and 63.75 million Sera (SRM), equivalent to $160 million at the time of the publication. The company has been in Chapter 11 bankruptcy proceedings since July and began auctioning its assets in September to return some of the funds to customers.
During the bankruptcy case, legal proceedings and financial documents
The trading company will pay off the debt, which has fallen nearly twice by dollar estimates, by the end of September.
New
Quantit trading firm Alameda Research will return an estimated $200 million to Voyager Digital, which is in bankruptcy. Alameda borrowed the funds in cryptocurrencies in September 2021. At that time, the sum was close to $380 million.
According to a recent filing with the bankruptcy court for the Southern District of New York, the parties have reached an agreement and Alameda will return approximately 6,553 bitcoin (BTC) and 51,000 ether (ETH) by September 30. In his corporate Twitter account Alameda confirmed that he was ready to return the funds:
happy to repay the Voyager loan and get our collateral back whenever it works for travel
— Alameda Research (@AlamedaResearch) July 8, 2022In turn, Voyager will have to return the collateral in the form of 4.65 million FTX tokens (FTT) and 63.75 million Sera (SRM), equivalent to $160 million at the time of the publication. The company has been in Chapter 11 bankruptcy proceedings since July and began auctioning its assets in September to return some of the funds to customers.
During the bankruptcy case, legal proceedings and financial documents
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