Bankrupt crypto lender Voyager described Alameda’s objection to Binance.US’ bid for its property as “hypocrisy and chutzpah.”
Voyager mentioned the bankrupt crypto buying and selling agency has “desperately sought to undermine and sabotage” its restructuring efforts. The lender mentioned Alameda tried to front-run its advertising proposal by providing a lowball proposal that disparages its companies.
In accordance with the courtroom submitting, current revelations within the crypto area confirmed that Alameda made “last-ditch efforts to masks the holes by itself steadiness sheet ensuing from their [Alameda’s] obvious fraud.”
Voyager added that Alameda’s objection to the extent of disclosure regarding sure intercompany claims have been “baseless” as a result of FTX’s counsel reviewed and authorized these claims two months in the past. Aside from that, the identical claims have been authorized by an satisfactory courtroom.
In the meantime, Voyager mentioned it entered into the Alameda-FTX mortgage primarily based on fraudulent and false representations made by the now bankrupt crypto agency.
Voyager responds to SEC, others
Voyager additionally responded to the objections filed by the totally different regulatory our bodies of New Jersey, Texas, Vermont, the U.S. Trustee, and the SEC.
In accordance with the courtroom submitting, regulators’ considerations about Binance.US’ capacity to consummate the transaction are misplaced as a result of their fears are primarily based on “hypothesis” and never “information.” Voyager added that the considerations are additionally “veiled makes an attempt” to override its enterprise judgment.
Voyager wrote:
“Elevating Disclosure Assertion objections primarily based on unsubstantiated and unverified media studies whereas ignoring the substantial data already made out there to the Objectors is a unadorned try to undermine the Binance.US Transaction and assault Binance.US.”
The agency added that Binance.US supplied all of the objectors with the chance to obtain monetary statements and different diligence studies displaying its robust monetary place. Nevertheless, the objectpors have feigned ignorance of this truth.
Voyager additionally identified the hypocrisy within the stand of regulators in Vermont, New York, Texas and Hawaii.
In accordance with the regulators, Binance.US supply to repay their residents in money and never in crypto quantities to “unfair remedy.”
Nevertheless, Voyager responded that the choice was primarily based on their very own “regulatory choices.”
“Any limitations in place stopping their constituents from receiving distributions in-kind like different states is fully of the objecting states’ personal making.”
