Alameda to repay $200 million to bankrupt lender Voyager

Quick Take

  • Crypto trading firm Alameda Research will repay two large loans demoninated in bitcoin and ether.
  • Once repaid, Alameda will reclaim some $160 million in collateral.

Trading firm Alameda Research will repay some $200 million in loans to Voyager Digital, the bankrupt crypto lender.

Alameda will repay 6,553 in bitcoin (roughly $128 million) and 51,204 in ether (roughly $70 million) in principal and loan fees, as well as smaller amounts in seven other tokens, according to a court filing last night. The loans are due to be repaid by Sept. 30, the filing said.

If all goes smoothly, Voyager will then send Alameda back tokens that the trading firm had stumped up as collateral for the loans — comprised of 4,650,000 in FTX’s token FTT (roughly $112 million) and 63,750,000 in SRM (roughly $49 million), the utility token of decentralized exchange Serum.  

The news comes as Voyager auctions off its assets after filing for Chapter 11 bankruptcy in New York in June. Bidders are kept private as part of the process, but FTX and Alameda had publicized an offer of liquidity to Voyager creditors in July, prompting criticism from Voyager, which accused Bankman-Fried’s businesses of making “misleading or outright false” claims.

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