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Market News

Alameda to Repay Bankrupt Voyager Digital $200 Million in Crypto

Voyager has also requested in the filing to keep the crypto wallets that would be involved in the transactions private.

Written By Ritu Lavania
Published 2022-09-20·Updated 1 year ago
Make The Crypto Times preferred on GoogleGoogle
Alameda repay bankrupt Voyager Digital

Bankrupt crypto lending firm, Voyager Digital, has urged in a court filing that trading firm Alameda Research repay its $200 million loan.

In exchange for the repayment, Alameda will get $160 million back in its pledged collateral.

The filing reveals that Alameda would repay 6,553 BTC (roughly $128 million) and 51,204 ETH ($70 million) to Voyager. The filing revealed that the Voyager loan included other crypto assets like USDC, Dogecoin (DOGE), Luna Classic (LUNC), Litecoin (LTC), Voyager Token (VGX), Chainlink (LINK), etc.

Voyager has also requested in the filing to keep the crypto wallets that would be involved in the transactions private.

The firm said that making the crypto wallets public would provide commercially sensitive information to the public, potentially causing “unwarranted speculation and attention surrounding any account activity.”

Also Read: SBF’s Alameda Research Owes $377M to Voyager Digital

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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