Voyager Digital reportedly had close ties to SBF-owned Alameda Research

Voyager financial documents revealed that they lent nearly $1.6 billion in crypto loans to an entity registered in the British Virgin Islands, same location where Alameda is registered.

Voyager Digital, the crypto lending company that went bankrupt due to crypto contagion initiated by the insolvency of Three Arrow Capital (3AC) is currently fighting its bankruptcy court battle. Court proceedings and financial documents showed a deep relationship between the crypto lending firm and Alameda Research, owned by Sam Bankman Fried.

Alameda is a quantitative trading firm that was also one of Voyager's many borrowers and owed $370 million. However, within weeks of 3AC's collapse, Alameda switched from borrower to lender and offered a $500 million bailout in late June.

SBF took to Twitter to outline the bailout deal that ultimately became the point of contention for Voyager. The troubled lender's legal team claimed the CEO was trying to create leverage for the trade.

1) Voyager has lost some customer assets, but still has the majority.

Why haven't they been returned to customers yet?

Sad facts about a bankruptcy process.

Legal documents and financial documents indicate the ties between the two companies as early as September 2021. The same documents also indicate that Alameda initially borrowed significantly more than the...