Voyager Digital, the now-bankrupt crypto brokerage firm, will see its approximately $200 million outstanding crypto loan to Alameda Research returned, according to a court filing published on Monday.
Alameda and Voyager came to an agreement after a New York bankruptcy court granted Voyager’s request to have its loan repaid.
Alameda, the crypto quant trading firm co-founded by Sam Bankman-Fried, the billionaire owner of crypto derivatives exchange, owes Voyager approximately $200 million in an outstanding crypto loan. This amount originates from a line of credit that was worth $377 million before the crypto market’s crash earlier this year.
The loan was initiated in September 2021 and was largely denominated in(BTC), (ETH), and the stablecoin .
Per the filing, Alameda will return Voyager about 6,500 BTC and about 51,000 ETH by September 30 this year.
The court documents also revealed that Voyager will return the collateral tied to the loan, including 4.65 million FTT and 63.75 million SRM tokens.
Alameda said in July that it was “happy to return the Voyager loan” and get its collateral back on terms that would suit Voyager.
happy to return the Voyager loan and get our collateral back whenever works for voyager
— Alameda Research (@AlamedaResearch) July 8, 2022
Voyager Digital’s odyssey
Voyager filed for Chapter 11 bankruptcy at the beginning of July this year, with outstanding liabilities of as much as $10 billion.
FTX announced plans to acquire Voyager later that month, but the New York-based crypto broker dismissed the offer as “a low-ball bid dressed up as a white knight rescue.”
Earlier this month—in a bid to repay its customers—Voyager initiated the process of auctioning off its assets, with FTX rumored to be among the frontrunners to snap up the firm.
Bankman-Fried appeared on CNBC’s Squawk Box last Friday to state that FTX still has at least $1 billion to deploy on further acquisitions and bailouts.