Home Bitcoin Alameda Research Sues Voyager Digital Seeking USD 446 Million Rewards

Alameda Research Sues Voyager Digital Seeking USD 446 Million Rewards

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Alameda Research Sues Voyager Digital Seeking USD 446 Million Rewards

On Monday, Alameda Research Ltd. Filed a suit against Voyager Digital HTC and LLC Trading Inc. In the US Bankruptcy Courtroom. The The lawsuit claims that defendants received preferential transfers from Alameda Research And that the plaintiffs seek to reclaim around $445.8 Million from Voyager HTC.

Legal There is a raging dispute over crypto asset transfers that were allegedly made by Alameda Research

An FTX Bankruptcy lawsuit was filed just recently. It reveals that Alameda ResearchThe defunct Quant trading agency was created by Sam Bankman-Fried (SBF) is seeking approximately $446 million from bankrupts Voyager Digital HTC Trading trade. Alameda’s According to legal experts, the corporation paid off outstanding loans. Voyager Bankruptcy in July. The The lawsuit also asserts that the transfer is recoverable as an administrative precedence under sections 503 and 507. Bankruptcy Code.

“The fall of Alameda and its affiliates amid allegations that Alameda was secretly borrowing billions of FTX exchange assets is widely known,” The file information. “Much of the (warranted) attention paid to the alleged misconduct of Alameda and his former leadership, now indicted, has largely missed the role played by Voyager and other cryptocurrency ‘lenders’ who funded Alameda and fueled that alleged misconduct, whether knowingly or carelessly. ”The criticism is provided by

When Voyager Bankruptcy in JulyIt also cited a loan default valuation of hundreds of thousands. Three Arrows Capital. After Voyager’s bankruptcy, Sam Bankman-Fried FTX and FTX suggested they could supply liquidity early. Voyager Digital Customers within the course of. They The detailed plans can then be used to buy Voyager Its belongings and the rest of its contents for $1.4 billion Shortly The rest of the article will be devoted to Texas State Securities Board (TSSB) opposed FTX’s supply, stating the state securities commissioner wanted it to “determine whether FTX US complies with the law.”

Alameda’s The attorneys state within the submitting, that after the agency paid Voyager Crypto belongings, it “was unable to determine whether [Voyager] had a valid and effective lien or security interest”. The plaintiffs’ lawyers consider the transfers to be “preferential transfers” that were “avoidable”. Alameda insists that he is entitled to payment for the transfers, which he says were “”This made it possible for the benefit of some of the defendants.”

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jamie redmann

Jamie Redman Is the information source at Bitcoin.com News A fintech journalist living in Florida. Redman Since 2011, has been an active participant in the cryptocurrency community. He Is obsessed with BitcoinOpen supply code and decentralized purposes. Since September 2015, Redman More than 6,000 articles have been written by him. Bitcoin.com News You can read more about disruptive protocols emerging immediately.

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