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Sam Bankman-Fried’s Alameda To Pay Back Borrowed Amount To Voyager? Here Are The Details

Written by: Delma Wilson

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Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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Jul 8, 2022

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Since the Terra crash, the crypto market has been blanketed with a bearish pull which has led many crypto lenders to go bankrupt. Followed by Three Arrows Capital, was the latest lender to file for bankruptcy.

At the start of this week,  Voyager Digital filed for chapter 11 bankruptcy where the filing mentioned FTX CEO Sam Bankman Fried’s alameda research . It is understood that FTX was the second-largest debtor for Voyager. This statement did create a stability issue in the crypto space, Alameda has decided to give his statement.

In his tweet, Alameda quoted that he was happy to return Voyager’s loan and get his collateral back.

As per Voyager’s certification, FTX owes Voyager $377 million with an interest of 1% to 5%. The filing which was submitted to the New York district court also had a mentioned $75 million of unsecured loans.

Hence, as per the filings, Alameda is the second-largest borrower of Voyager after three arrows capital . Following the tweet of Alameda, investors were relieved. However, what needs to be looked at is, that things won’t get normal for Voyager with just this.

Sam Bankman-Fried To Pay Voyager The Borrowed Amount?

In Spite of the fact that Alameda Research claimed to return the borrowed money to Voyager, he also offered $500 million in finance to Voyager. This offer by Alameda was questioned by CZ along with many others.

CEO, Changpang Zhao believes that he and Binance, they like simple deals where there are direct dealings like, what is the revenue or what is the user number. Further says that they are not fans of any statements like hey, I owe you money, pay back, receive more loans, and then bailout.

While many in the space referred to this move as FTX trying to bailout  Voyager, Alameda made another tweet which he claimed as follows

At the moment, the investors and traders are yet to analyze Sam Bankman-Fried’s statement, Voyager investors look out for a final statement from the firm.

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Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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