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Voyager urges Alameda Research to repay $200M loan

5 d ago1 min readOther
Voyager urges Alameda Research to repay $200M loan

Bankrupt Voyager Digital requested that crypto trading firm Alameda Research repay its $200 million loan in a Sept. 19 court filing.

According to the filing, Alameda would repay 6,553 BTC (roughly $128 million) and 51,204 ETH ($70 million) to the bankrupt firm. The filing revealed that the Voyager loan included other crypto assets like USDC, Dogecoin (DOGE), Voyager Token (VGX), Chainlink (LINK), Luna Classic (LUNC), Litecoin (LTC), etc.

In return, Voyager would release Alameda’s $160 million collateral. Voyager requested that the loan be repaid by Sept. 30 at the latest.

In July, Alameda said it would be happy to return Voyager’s loan to get its collateral back.

Voyager wants crypto wallets redacted

Voyager requested the court to keep the crypto wallets that would be involved in the transactions private.

According to Voyager, making Alameda’s crypto wallet public would provide commercially sensitive information to the public, leading to “unwarranted speculation and attention surrounding any account activity.”

Oluwapelumi is a believer in the transformative power Bitcoin and the blockchain industry holds.

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