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FTX sister company Alameda Research sues Voyager Digital for $446M


kamiki

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FTX lawyers claim that Voyager Digital was complicit in its own collapse by “knowingly or recklessly” channeling customer funds to Alameda.

 

Embattled crypto investment firm Alameda Research is suing bankrupt crypto lender Voyager Digital in an effort to claw back loan repayments FTX made before it collapsed in November.

 

Lawyers managing the FTX and Alameda bankruptcy case sued Voyager for $445.8 million in a Delaware court on Jan. 30.

While both companies filed for bankruptcy in 2022, Voyager's chapter 11 filing came four months earlier in July. Following Voyager's Chapter 11, the crypto lender demanded repayment of all outstanding loans to FTX and its affiliate investment firm Alameda Research.

 

According to FTX lawyers filing on behalf of Alameda, these loan repayments are eligible to be clawed back as they were made so close to their own bankruptcy in November.

 

FTX claims it paid Voyager $248.8 million in September and $193.9 million in October. The exchange also made a $3.2 million interest payment in August, according to the court filings.

 

FTX acknowledged allegations that Alameda used FTX customer deposits for its risky investments but added that Voyager and other crypto lending firms were also complicit, “knowingly or recklessly” funneling customer funds toward Alameda with “little or no due diligence.” It stated:
 

 

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