Alameda Research, a crypto trading company, will repay two large loans in bitcoin and ether. Alameda Research will be able to reclaim $160 million worth of collateral once the loans are repaid.
Alameda Research, a trading firm, will repay Voyager Digital some $200 million in loans. Voyager Digital is a bankrupt crypto lender.
According to , a court filing last evening, Alameda will pay 6,553 bitcoins (roughly \$128 millions) and 51.204 in ether (\$roughly \$70million) in principal and loan fees. There are also smaller amounts in seven other tokens. According to the filing, the loans must be repaid by Sept. 30.
Voyager will also return tokens to Alameda
If everything goes well, Voyager will send Alameda back the tokens it had pledged as collateral for the loans. These tokens were comprised of 4,650,000 FTX token FTT (roughly $112 Million) and 63.750,000 SRM (roughly $49.9 million), which is the utility token of the decentralized exchange Serum.
Voyager has begun to auction off its assets, following its June Chapter 11 bankruptcy filing. The bidding process is confidential. However, FTX and Alameda had made public a liquidity offer to Voyager creditors in July. This led to criticism from Voyager which claimed Bankman-Fried’s companies had made “misleading, outright false” claims.
FTX, an exchange that has close ties with Alameda was connected to several bailouts after a series of collapses in crypto lending.
After the lender had closed down withdrawals in June and the firm shut down withdrawals, BlockFi provided a $250 million credit facility to the company. The firm may still purchase the business.