#445m

Voyager, FTX reach agreement on $445M loan

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Bankrupt crypto lender Voyager Digital agreed with FTX and its unsecured credits to hold the disputed $445 million loan payment pending a settlement or court order, according to a Feb. 22 court filing.

The court filing further said Voyager would continue to hold another $5 million deposit made by FTX in escrow. The bankrupt lender added:

“[The $5 million deposit] will not be used or distributed until ownership of that deposit is litigated in the New York Bankruptcy Court and decided by settlement or a final and unappealable order, including any appeals therefrom.”

FTX, Alameda, and Voyager have a complicated relationship following their respective bankruptcy.

In January, FTX’s sister company Alameda Research sued the crypto lender for $445.8 million. FTX’s lawyer argued that  Voyager “fueled” Alameda’s alleged misuse of customer funds — “either knowingly or recklessly.”

Alameda also objected to Binance.US’s purchase of Voyager’s assets.

However, Voyager countered that Alameda tried to undermine and sabotage its restructuringFT efforts. The lender recently subpoenaed top Alameda and FTX executives over their botched acquisition deal.

The post Voyager, FTX reach agreement on $445M loan appeared first on CryptoSlate.

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