Cryptocurrency

Voyager, FTX reach agreement on $445M loan

According to court filings on Feb. 22, bankrupt cryptocurrency lender Voyager Digital has settled payments on a disputed $445 million loan between FTX and its unsecured claims Agreed to hold off until ordered.

court filing Additionally, Voyager says it will continue to hold another $5 million deposit FTX made in escrow. The bankrupt lender added:

“[The $5 million deposit] No use or distribution of such deposits will take place until ownership of such deposits is litigated in the New York Bankruptcy Court and determined by final and non-appealable order, including settlement or appeal. ”

FTX, Alameda, and Voyager have complicated relationships following their respective bankruptcies.

In January, FTX’s sister company, Alameda Research, sued FTX for $445.8 million. FTX’s attorneys alleged that Voyager “willfully or recklessly” incited Alameda’s alleged misappropriation of customer funds.

Alameda also opposed the purchase of Voyager’s assets by Binance.US.

However, Voyager countered that Alameda attempted to undermine and sabotage Restructuring FT’s efforts.

Voyager and FTX’s reach agreement for a $445 million loan first appeared on CryptoSlate.

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