Lawyers for Alameda Research, FTX’s sister company, have sought $446 million from Voyager Digital, the cryptocurrency lender that has already gone bankrupt since last summer. However, the latter defends himself and invokes the false declarations made by the FTX companies which had proposed to buy back the assets of Voyager Digital based on a false financial statement.
Alameda Research sues Voyager Digital
Alameda Researchthe sister company of FTX formerly led by Caroline Ellison, filed a lawsuit against cryptocurrency lending company Voyager Digitalwhich is already bankrupt.
The complaint was filed by the lawyers in charge of raising as many funds as possible in the context of the bankruptcy of FTXAlameda Research being intimately linked to the empire of Sam Bankman-Fried, whether at the level of its personnel or at the level of the financial exchanges having been reported concerning the 2 companies.
According to the complaint filed on Monday, the amount requested is precisely $445.8 million, but it could tend to become more important if evidence of transactions from Alameda Research to Voyager Digital were to be unearthed. A task that could prove tedious for the legal teams of FTX, since according to the new management of the exchange chaired by John Ray IIIcompanies under the aegis of SBF did not keep proper books of account for their operations.
According to the document filed Monday in court, Voyager Digital is accused of complicity in the malpractices previously carried out by Alameda Research and FTX:
“Voyager’s business model was that of a feeder fund. He solicited retail investors and invested their money with little to no due diligence in specialized cryptocurrency investment funds like Alameda and Three Arrows Capital. »
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Voyager Digital does not prioritize FTX
In response to these accusations, the Voyager Digital teams asked that Alameda Research’s claims to be ranked second in priority among its creditors. Creditors who of course include customers impacted by the bankruptcy of the cryptocurrency lender, who also echoed this decision, citing similar errors on the side of Alameda Research during its operation.
Furthermore, the creditors explain that the conduct ” fraudulent from Alameda Research would have cost Voyager Digital between $114 and $122 million when it was already weakened in the context of its bankruptcy, the sister company of FTX having, at the time, proposed a takeover of the assets of the cryptocurrency lender. According to Voyager Digital documents, Alameda Research then claimed to have “ a sea without funds of cryptocurrencies available “.
“They set back debtors’ restructuring efforts by months and imposed millions of dollars in additional and unnecessary fees and costs on debtors when the offer was reopened. »
Final bankruptcy plan for Voyager Digital to be decided on February 22date on which we will probably know the outcome of this new case which is added to the already long list of legal complications relating to FTX.
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