Alameda To Repay $200 Million To Voyager, New Reports Say

It’s been recently revealed that the trading firm Alameda Research will be repaying $200 million in loans to Voyager Digital – as you probably remember, the bankrupt crypto lender has been making a lot of headlines recently.

The Block online publication reveals that Alameda will repay 6,553 in bitcoin (roughly $128 million) and 51,204 in ether (roughly $70 million) in principal and loan fees.

They will also pay smaller amounts in seven other tokens, according to a court filing last night. The loans are due to be repaid by Sept. 30, the filing said.

“If all goes smoothly, Voyager will then send Alameda back tokens that the trading firm had stumped up as collateral for the loans — comprised of 4,650,000 in FTX’s token FTT (roughly $112 million) and 63,750,000 in SRM (roughly $49 million), the utility token of decentralized exchange Serum,” according to the online publication.

We suggest that you check out the original notes in order to learn more details about all this.

Last month, we were revealing that a New York bankruptcy court has given embattled crypto brokerage Voyager Digital the green light to pay retention bonuses to key staff members.

The firm filed a motion with the United States Bankruptcy Court on Aug. 2 seeking approval for its Key Employee Retention Plan (KERP).

it’s important to note the fact that this entailed $1.9 million worth of payments to 38 key employees that have been identified as crucial to the exchange’s ongoing operation.

Cointelegraph notes that creditors of the firm, which filed for bankruptcy in July 2022, had initially opposed Voyager’s KERP payments in a court filing on Aug. 19. They were claiming that payments to investors should be prioritized ahead of “well-compensated” employees.

It’s also worth noting the fact that the filigs noted that an agreement was reached between Voyager and the committee of creditors to drop the opposition to the proposed KERP on certain conditions.