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Cryptoknowmics 2022-07-07 06:50:58

Sam Bankman-Fried’s Alameda Research Owes Bankrupt Voyager $377M

Sam Bankman-Fried founded Alameda Research which last month extended a $500 million line of credit to Voyager Digital, itself owes the company $377 million, according to Voyager’s Chapter 11 bankruptcy filing. Borrower Bailing Out Its Lender Following the Chapter 11 Bankruptcy filing made by Voyager Digital, it was revealed that Alameda borrowed roughly $376.8 million at an interest rate of 1% to 5% from the crypto lender. Other borrowers include Three Arrows Capital, Genesis Global, and Galaxy Digital. Big revelation in the Voyager chapter 11 filings. Alameda/FTX/SBF owes the company $376m USD. This raises several questions and concerns: (1/4) — Bitcoin vs. Gold (@VersusBtc) July 6, 2022 Alameda’s debt makes it Voyager’s second-largest borrower after the insolvent Three Arrows Capital. This is interesting considering just weeks ago, Alameda Research attempted to bail out and provided a credit facility to Voyager for up to 15,000 bitcoin as well as $200 million in cash and USDC. At one point, Alameda and its venture arm, Alameda Ventures, were the single largest Voyager shareholders with 11.6% of all outstanding shares, as of June 17. A week later, on June 23, Alameda Research announced that it had surrendered, or returned in exchange for no money, 4.5 million of its shares. Those shares were worth $2.6 million at the time. While being one of the largest counterparties to Voyager, Alameda notably red...

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