DeFi News
- Alameda Research, the crypto buying and selling agency cofounded by Sam Bankman-Fried, owes Voyager Digital Holdings US$377 million in loans.
- Voyager Digital signed a $500 million lending settlement with Alameda Ventures for a revolving credit score line in Bitcoin and USDC.
- As of June 22, 9.5% of Voyager Digital shares have been managed by Alameda Research and its enterprise fund Alameda Ventures.
Alameda Research tweeted that it’s glad to return the Voyager Digital mortgage and get again its collateral “whenever works for Voyager”. Previously, Voyager Digital’s chapter submitting confirmed that Alameda Research owes Voyager practically $377 million.
glad to return the Voyager mortgage and get our collateral again each time works for voyager
— Alameda Research (@AlamedaResearch) July 8, 2022
According to sources, Alameda Ventures and Voyager Digital entered a mortgage association for a revolving credit score facility of $500 million in Bitcoin and USDC. The two firms even have a strategic partnership settlement through which Alameda Research will present liquidity to Voyager’s change. As of June 22, 9.5 p.c of Voyager Digital shares have been owned by Alameda Research and its enterprise fund Alameda Ventures.
Moreover, on Wednesday, Voyager filed for Chapter 11 chapter in New York after it was revealed that it owed US$650 million to Three Arrows Capital (3AC), a bankrupt crypto agency. The court docket submitting confirmed that 3AC is Voyager’s largest creditor, adopted by Alameda Research.
FTX simply prolonged a US$250 million revolving credit score line to a different 3AC-exposed enterprise, BlockFi.
Voyager Digital Holdings is a digital asset dealer and custodian that permits customers to purchase, promote, and commerce cryptocurrencies. The firm was based in 2018 and is headquartered in New York City.
Alameda Research is a cryptocurrency buying and selling agency that was based in 2017. The agency relies in San Francisco and co-founded by Sam Bankman-Fried.
The crypto winter appears to be bringing the complete neighborhood to its knees as some cryptocurrency companies stop operations, some declare chapter, and but others discontinue their gives.
Voyager has made it clear that they’re concentrating on safeguarding belongings and maximizing worth for all purchasers. This follows Voyager’s formal ban on withdrawals, which was introduced on Friday. 3AC’s points are regarded as the supply of the issue.
