Alameda's $446M Plea Dismissed by Voyager Creditors: What Happened?
The saga continues in the aftermath of the FTX and Voyager Digital bankruptcies. A key development: Alameda Research's attempt to reclaim $446 million in loan repayments made to Voyager Digital has been decisively rejected. This article breaks down the details of Alameda's plea and why Voyager's creditors ultimately dismissed it.
Voyager Creditors Veto Alameda's $446 Million Claim
In a turn of events, Voyager’s creditors have refused Alameda Research’s appeal to retrieve $446 million in assets following a veto by Now-defunct Voyager itself. The attempt by the extinta empresa de negociação de Cripto Alameda Research de extrair US$ 446 milhões que fez em reembolsos de empréstimos à falida Voyager Digital has been firmly blocked. Court documents reveal that the Alameda Research tried to collect a $446 million loan from bankrupt Voyager Digital but was rejected by a creditors committee and Voyager.
Why Was Alameda's Request Rejected?
The rejection stems from the complex web of legal battles surrounding FTX, Alameda Research, and Voyager Digital. The creditors' committee, representing the interests of those owed money by Voyager, likely deemed the $446 million loan repayment to be part of the assets available for distribution to creditors, rather than a sum Alameda is entitled to reclaim.
According to court filings, Alameda tried to extract $446 million it made in loan repayments to Voyager has been rejected by both the creditors’ committee and Voyager itself. This decision underscores the precarious position of assets within bankrupt entities and the prioritization of creditor claims.
The Backstory: Alameda's Lawsuit and Voyager's Bankruptcy
Voyager Defunct crypto trading firm and FTX sister Alameda Research has hit bankrupt crypto broker Voyager Digital with a $446 million lawsuit. This legal maneuver occurred before the full extent of the FTX collapse became apparent. As it stands, Alameda's initial claim has been countered by the creditors' denial. The focus now shifts to the broader distribution of Voyager's assets amongst its creditors.