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Alameda Research to Return $200 Million to Voyager Digital in Cryptocurrency Repayment

Alameda Research agrees to return approximately $200 million to Voyager Digital as part of a repayment agreement involving Bitcoin and Ethereum.
Published on 2022-09-20

Alameda Research and Voyager Digital Reach Repayment Agreement

Alameda Research, a leading quantitative trading firm, has agreed to return an estimated $200 million to Voyager Digital, which is currently undergoing bankruptcy proceedings. The funds, originally borrowed in September 2021, were valued at nearly $380 million at the time of the loan.

Details of the Repayment Plan

According to a recent filing in the Bankruptcy Court of the Southern District of New York, Alameda Research will repay the funds in the form of cryptocurrencies. The agreement specifies that Alameda will return approximately 6,553 Bitcoin (BTC) and 51,000 Ether (ETH) by September 30, 2023. This repayment plan marks a significant step in Voyager Digital's efforts to recover assets during its bankruptcy process.

Confirmation of the Agreement

Alameda Research has publicly confirmed its commitment to the repayment through its corporate Twitter account. The company expressed its readiness to fulfill the terms of the agreement, demonstrating its responsibility in resolving the matter.

This settlement underscores the evolving landscape of cryptocurrency lending and the importance of clear agreements in the digital asset space. The return of these funds is expected to provide Voyager Digital with critical liquidity as it navigates its financial restructuring.

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