Voyager Digital, the now-bankrupt crypto brokerage firm, will see its approximately $200 million outstanding crypto loan to Alameda Research returned, according to a court filing published on Monday.<\/p>\n
Alameda and Voyager came to an agreement after a New York bankruptcy court granted Voyagers request to have its loan repaid.<\/p>\n
Alameda, the crypto quant trading firm co-founded by Sam Bankman-Fried, the billionaire owner of crypto derivatives exchange FTX, owes Voyager approximately $200 million in an outstanding crypto loan. This amount originates from a line of credit that was worth $377 million before the crypto markets crash earlier this year.<\/p>\n
The loan was initiated in September 2021 and was largely denominated in Bitcoin (BTC), Ethereum (ETH), and the stablecoin USDC.<\/p>\n
Per the filing, Alameda will return Voyager about 6,500 BTC and about 51,000 ETH by September 30 this year.<\/p>\n
The court documents also revealed that Voyager will return the collateral tied to the loan, including 4.65 million FTT and 63.75 million SRM tokens.<\/p>\n
Alameda said in July that it was happy to return the Voyager loan and get its collateral back on terms that would suit Voyager.<\/p>\n
Voyager filed for Chapter 11 bankruptcy at the beginning of July this year, with outstanding liabilities of as much as $10 billion.<\/p>\n
FTX announced plans to acquire Voyager later that month, but the New York-based crypto broker dismissed the offer as a low-ball bid dressed up as a white knight rescue.<\/p>\n
Earlier this monthin a bid to repay its customersVoyager initiated the process of auctioning off its assets, with FTX rumored to be among the frontrunners to snap up the firm.<\/p>\n
Bankman-Fried appeared on CNBCs Squawk Box last Friday to state that FTX still has at least $1 billion to deploy on further acquisitions and bailouts.<\/p>\n
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