Alameda Analysis will go back an estimate of $200 million through finish of September to Voyager Virtual, which is continuing thru chapter. A cryptocurrency mortgage was once made to Alameda in September 2021 with the sum as regards to $380 million.
A courtroom submitting within the Chapter Court docket of Southern District of New York from Monday displays Alameda, based through FTX CEO Sam Bankman-Fried, can pay again 6,553.42 BTC ($125.4 million) and 51,204.38 ETH ($69.1 million) in primary and mortgage charges, on best of smaller sums in different tokens together with dogecoin, USDC, luna vintage, and Voyager’s local asset VGX through through Sept. 30.
In go back, Voyager will go back the collateral for loans that Alameda had pledged within the quantity of four,650,000 FTX tokens ($110.1 million) and 63,750,000 serum tokens ($49.1 million), which general as much as $160 million. Since July, the corporate has been present process Bankruptcy 11 chapter procedures and has been auctioning off its property in September to be able to go back a part of the price range to its purchasers.
Voyager and Alameda have a deep dating in step with courtroom paperwork and monetary paperwork right through the chapter case. Voyager’s monetary troubles led Alameda to modify from borrower to lender and be offering a $500 million bailout. On the other hand, this has resulted in a public struggle between the 2 aspects with Voyager rejecting a buyout, claiming that it will “hurt consumers.”
Moreover, Voyager’s monetary information point out the corporate lent $1.6 billion in crypto loans to an organization registered within the British Virgin Islands, the similar position the place Alameda is registered. Alameda was once the biggest stakeholder in Voyager, with an 11.56% stake bought thru two investments totaling $110 million. The corporate surrendered 4.5 million stocks to keep away from reporting necessities previous this 12 months, bringing its fairness right down to 9.49%.
Voyager, together with a number of different crypto platforms and lending firms, similar to Celsius, BlockFi, and Hodlnaut, struggled to proceed working after the worldwide crypto marketplace crashed within the early summer season of 2022.