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Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
Sep 20, 2022
Crypto trading firm Alameda Research will be repaying two large loans in Bitcoin and Ether, worth $200 million to Voyager Digital, the bankrupt crypto lender. Alameda will repay 6,553 in bitcoin (approx $128 million) and 51,204 in Ethereum (approx $70 million) in principal and loan fees, as per a court filing last night. It will also be paying some smaller amounts in seven other tokens.
The filing mentioned that the loans are due by Sept. 30. Alameda will reclaim around $160 million in collateral. The trading firm had stumped up collateral for the loans, which comprises 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.