Alameda Research will repay a $200 million debt to the bankrupt broker Voyager Digital.
Wait, June 13th when everything was broken, Alameda borrowed a metric ton of BTC and ETH against illiquid SRM and FTT.
Market drops (them selling?), scooped up discounted stETH, offered to buy Voyager, and then still haven’t repaid the loan?
Did they put Voyager on the ropes? https://t.co/e1QJK6w81N
— Adam Cochran (adamscochran.eth) (@adamscochran) September 20, 2022
Founded by Sam Bankman-Fried, the trading firm will pay 6,553 BTC, 51,204 ETH and smaller amounts in other tokens. The deal is to be completed by September 30, according to the court’s ruling.
As collateral for the loan were 4,650,000 FTT tokens worth around $112 million and 63,750,000 SRM tokens (~$49 million).
On July 5, Voyager Digital filed заявление о банкротстве. The company cited total obligations ranging from $1 billion to $10 billion.
The broker is one of the creditors of hedge fund Three Arrows Capital (3AC). The latter failed to repay a debt of 15 250 BTC and 350 million USDC, so in June Voyager Digital sent it a notice of default.
Associated with CEO FTX, Alameda Research оказалась вторым по величине заемщиком Voyager after 3AC for $377 million.
As reported, at the recent Voyager Digital asset sale auction, the most advantageous bid was submitted by FTX. In June, Alameda Research provided a $500 million loan to the crypto broker that had not yet filed for creditor protection.
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