FTX and Voyager Reach Interim Agreement on $445M Disputed Loan

Estates of bankrupt crypto lender Voyager and bankrupt crypto exchange FTX have reached an interim agreement to settle their dispute over $445 million in disputed loan payments, according to filings from Wednesday. This significant development brings a temporary hold to the disputed $445M Alameda loan repayments as the bankrupt firms await the court’s direction.

Voyager Digital is set to keep over $445 million in dispute loans until a bankruptcy court issues a settlement. The interim agreement was reached after FTX lawyers launched a lawsuit against Voyager Digital. Alameda Research, the trading arm of FTX, filed a suit in January to claw back some loan repayments made to Voyager before its own bankruptcy filing.

FTX Trading and Voyager Digital have agreed to a settlement to resolve hundreds of millions of dollars left in limbo by the crypto winter. FTX on Tuesday asked the US Estates of Voyager Digital and FTX agreed to grant a temporary hold to disputed $445M Alameda loan repayments as the bankrupt firms await the court’s direction.

Bankrupt crypto lender Voyager Digital agreed with FTX and its unsecured credits to hold the disputed $445 million loan payment pending a settlement or court order. Under the deal, Voyager retains control of the funds while the bankruptcy court determines the ultimate disposition of the $445 million.

This interim agreement represents a crucial step in untangling the complex financial relationships between FTX and Voyager in the wake of their respective bankruptcies. The resolution of this $445 million dispute is vital for both estates as they work towards maximizing value for their creditors.