FTX Seeks To Recoup $446 Million From Voyager Digital

As per the reports, on Monday, bankrupt cryptocurrency exchange FTX filed a lawsuit against crypto lender Voyager Digital in an effort to recover $445.8 million in loan repayment that were made by FTX before filing for bankruptcy.
Both FTX and Voyager have filed for bankruptcy, with Voyager filing in July and FTX in November.
Court Filing Details
As per the court filing, FTX claimed that it had paid Voyager $248.8 million in September and $193.9 million in October on Alameda’s behalf. In addition, FTX paid $3.2 million in interest in August.
According to FTX’s complaint, these loan payments were made shortly before its own bankruptcy filing, so they could be collected and used to pay off other FTX creditors.
The court filing detailed, FTX admitted the claims that Alameda raided FTX customers’ assets to cover high-risk borrowings. However, Voyager and other cryptocurrency lenders were complicit in Alameda’s actions, saying they “knowingly or recklessly” forced their customers’ assets onto Alameda.
FTX and Voyager Saga
Earlier, FTX won an auction for its assets of Voyager Digital in a bid that is valued at about $1.42 billion but the proposed acquisition fell through when FTX itself imploded in November.
SBF Seeks FTX’s Crypto
As previously reported by Coingape, SBF attorneys have argued that SBF should have access to the assets and cryptocurrencies owned by his former company FTX.
On November 11, FTX and its affiliates filed for bankruptcy after SBF resigned from its CEO position. FTX mentioned in its bankruptcy filing that the exchange faced a severe liquidity crisis that necessitated the filing of these cases on an emergency basis.
Also Read: FTX Owes Money To These Industry Giants
- Bitcoin Should Be At $148,000 To Match With Gold Rally, Says Peter Schiff
- Dogecoin Gets Major Upgrade With Cardinals Index Node Launch, Analyst Predicts 37x Rally
- Coinbase Announces DoubleZero (2Z) Listing Following the US SEC’s No-Action
- Grayscale Staking Ethereum ETF Debuts By Locking 32,000 ETH But Inflows Disappoint
- Pi Network Loses $18B Value in Six Months as Expert Warn of “Rug Pull” Risk
- Solana Price Eyes 56% Rebound Amid Solana Company’s Massive $530M SOL Acquisition
- Ethereum’s Price Bullish Cycle Resumes as Grayscale Launches Spot Staking ETPs – Is $7,331 Next?
- Pi Network Price Risky Pattern Points to Crash as 14M Coins Leave OKX
- Bitcoin Price Prediction as Exchange Reserves Hit 6-Year Low—Is $150K Within Reach?
- Dogecoin Price Rebounds 15% From Buy Zone as Whales Add 30M DOGE – Can Bulls Push Beyond $0.30?
- FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?