Voyager Crypto Firm Loaned US$377M To Sam Bankman-Fried’s Alameda Research
Alameda Research, the crypto trading firm cofounded by Sam Bankman-Fried, owes Voyager Digital Holdings US$377 million in loans, according to the newly crypto broker’s bankruptcy filing.
Harshvardhan
2:31 7th Jul, 2022
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Voyager Digital entered a loan agreement for a revolving credit facility of US$500 million in Bitcoin and USDC from Alameda Ventures.
Alameda Research and its venture fund Alameda Ventures owned 9.5% of Voyager Digital shares, as of June 22.
Voyager filed for Chapter 11 bankruptcy in New York on Wednesday due to a US$650 million exposure to fellow bankrupt crypto firm Three Arrows Capital (3AC).
Alameda’s debt to Voyager is the second largest after 3AC.
Bankman-Fried’s FTX recently extended a US$250 million revolving credit facility to another 3AC-exposed firm, BlockFi.
