As per the court filing, the Creditors of Voyager and Voyager Digital itself have rejected FTX sister company Alameda Research’s attempt to recover $445.8 million in loan repayments that were made to Voyager Digital before the bankruptcy filing.
Voyager Creditors Responds
As per the filing, Alameda’s claim should be equitably subordinated to all other creditor claims. Voyager Creditors have argued that Alameda’s inequitable and fraudulent conduct has delayed creditor recoveries and caused a loss between $114 million to $122 million.
The filing also detailed that Alameda made a series of false statements in connection with its attempt to acquire Voyager indicating that it was financially strong. Also, it falsely represented that it had a “bottomless sea of ordinary cryptocurrency”.
$446 Million Loan Breakdown
It was previously reported by CoinGape, FTX claimed that it had paid Voyager $248.8 million in September and $193.9 million in October on Alameda’s behalf. In addition, FTX paid $3.2 million in interest in August.
Binance US Voyager Deal
Voyager has received its initial court approval for a proposed sale of its assets to Binance US for $1.02 billion. On January 11, US Bankruptcy Judge Michael Wiles approved the asset purchase agreement deal between Voyager and Binance US. However, this is not considered final until a court hearing takes place in the future.
Also Read: Voyager-Binance Deal: Customers To Recover 51% Of Pre-Bankruptcy Crypto Assets
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