Alameda owes Voyager $200 million from a loan it took out of $377 million before the collapse of cryptocurrencies.
After Alameda owed $200 million to Voyager in a mostly cryptocurrency loan, it filed a request with the Federal Court of New York to settle the loan.
Voyager Requests Loan To Alameda Untied
Voyager Digital, the bankrupt lending platform, has put its assets up for auction with the latest court order. Now, Voyager Digital has applied to the Federal Court of New York to settle the debt it owed Alameda, mostly in cryptocurrency.
While the company’s loan to Alameda was $377 million at the time, it’s currently around $200 million, with cryptocurrencies falling.
The majority of the loan was made up of Bitcoin (BTC), Ethereum (ETH) and USDC. In exchange for the payment of the loan, Alameda will receive an additional $160 million in the collateral it has committed.
Alameda Ventures, a separate company controlled by the same management from Alameda Research, loaned Voyager $200 million in cash and USDC, as well as 15,000 BTC, to alleviate current market conditions.
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