Bankrupt Alameda Research Sues Voyager Digital, Seeks $446M Clawback By CoinEdition
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Bankrupt Alameda Research Sues Voyager Digital, Seeks $446M Clawback- Alameda Research has filed a lawsuit against the troubled lending firm, Voyager.
- The lawsuit by FTX lawyers seeks a $446 million clawback.
- Alleged loan payments were made so close to FTX filing for bankruptcy.
FTX‘ s sister company, Alameda Research, formerly run by Caroline Ellison, has filed a lawsuit against defunct cryptocurrency lender Voyager Digital.
Concretely, on January 30, attorneys handling the bankruptcy case for FTX and Alameda filed the lawsuit in a Delaware court seeking a $445.8 million clawback. It is important to note that both firms filed for bankruptcy in 2022, but Voyager’s chapter 11 petition was approved four months sooner in July than FTX’s.
After Voyager filed for Chapter 11 bankruptcy protection, the cryptocurrency lender requested repayment of all outstanding debts to FTX and its affiliated investment business Alameda Research.
Since these loan repayments were made so soon to the bankruptcy filing in November, FTX attorneys who filed on behalf of Alameda claim that they are entitled to be clawed back due to this eligibility.
Reportedly, payments by Alameda to Voyager totaling $248.8 million were made in September, while $193.9 million were made in October. According to the documents filed with the court, the firm also paid a $3.2 inter …
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Bankrupt Alameda Research Sues Voyager Digital, Seeks $446M Clawback- Alameda Research has filed a lawsuit against the troubled lending firm, Voyager.
- The lawsuit by FTX lawyers seeks a $446 million clawback.
- Alleged loan payments were made so close to FTX filing for bankruptcy.
FTX‘ s sister company, Alameda Research, formerly run by Caroline Ellison, has filed a lawsuit against defunct cryptocurrency lender Voyager Digital.
Concretely, on January 30, attorneys handling the bankruptcy case for FTX and Alameda filed the lawsuit in a Delaware court seeking a $445.8 million clawback. It is important to note that both firms filed for bankruptcy in 2022, but Voyager’s chapter 11 petition was approved four months sooner in July than FTX’s.
After Voyager filed for Chapter 11 bankruptcy protection, the cryptocurrency lender requested repayment of all outstanding debts to FTX and its affiliated investment business Alameda Research.
Since these loan repayments were made so soon to the bankruptcy filing in November, FTX attorneys who filed on behalf of Alameda claim that they are entitled to be clawed back due to this eligibility.
Reportedly, payments by Alameda to Voyager totaling $248.8 million were made in September, while $193.9 million were made in October. According to the documents filed with the court, the firm also paid a $3.2 inter …
The post Bankrupt Alameda Research Sues Voyager Digital, Seeks $446M Clawback appeared first on Coin Edition.
See original on CoinEdition
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