9621 Agnes Crossing, Lake Suzanneview, New Mexico Island 84604-9295.
Alameda Research, affiliated with Sam Bankman-Freed, was the second borrower after Three Arrows Capital in terms of funds raised from Voyager Digital ($376.8 million). Such information is found
Alameda Research, affiliated with Sam Bankman-Freed, was the second borrower after Three Arrows Capital in terms of funds raised from Voyager Digital ($376.8 million). Such information is found in the crypto broker’s bankruptcy announcement.
Voyager’s Chapter 11 bankruptcy filing shows Alameda Research (SBF) owed $376 million to the firm.
AKA, the same company many are hoping to bail out, Voyager owes them $376 million…
— Dylan LeClair 🟠 (@DylanLeClair_) 6 July 2022
The outstanding balance includes $75 million in unsecured loans, the largest on the list.
A crypto broker can rely on these funds for settlements with creditors.
On Tuesday, July 5, Voyager Digital filed for bankruptcy in a New York court. The company’s estimated liabilities range from $1 billion to $10 billion with nearly 100,000 customers.
The company took this step after 3AC’s bankruptcy was announced. On June 27, a crypto broker sent a default notice to the hedge fund after the firm was unable to meet its demand to repay its entire debt. Three Arrows Capital’s debt was $656.2 million.
On June 18, Voyager Digital agreed with Alameda Research on a 200 million USDC loan and a 15,000 BTC revolving line of credit.
A day earlier, crypto broker placed $35 million worth of shares in favor of Sam Bankman-Fried’s firm. With a $60 million stock injection earlier in May, Alameda Research’s stake in Voyager Digital rose to 11.56%.
On June 23, it fell to 9.49% as a result of the free transfer of 2.29% of shares to a crypto broker. This move lowered the ownership threshold to less than 10% to lose insider status, as defined by the SEC.
On July 6, Bankman-Fried said he had “several billions” to support players, and his collapse could further destabilize the industry. According to him, the crisis could have passed its climax.
“We are getting requests from a few more companies. They are not in a difficult situation, but they can cease to exist.” explained.
The head of FTX and Alameda Research sees in such a “recovery” the protection of customers’ assets and the prevention of the spread of “contagion” in the system.
Recall that on July 1, the American division of FTX entered into an agreement with the BlockFi landing platform, providing a loan of $ 400 million and an option to buy the company for $ 240 million.
Bankman-Fried previously refused to buy “troubled” mining companies.
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Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
