Bankrupt crypto lender Voyager Digital agreed with FTX and its unsecured credit to carry the disputed $445 million mortgage cost pending a settlement or courtroom order, in line with a Feb. 22 courtroom submitting.
The courtroom submitting additional mentioned Voyager would proceed to carry one other $5 million deposit made by FTX in escrow. The bankrupt lender added:
“[The $5 million deposit] is not going to be used or distributed till possession of that deposit is litigated within the New York Chapter Court docket and determined by settlement or a last and unappealable order, together with any appeals therefrom.”
FTX, Alameda, and Voyager have an advanced relationship following their respective chapter.
In January, FTX’s sister firm Alameda Analysis sued the crypto lender for $445.8 million. FTX’s lawyer argued that Voyager “fueled” Alameda’s alleged misuse of buyer funds — “both knowingly or recklessly.”
Alameda additionally objected to Binance.US’s buy of Voyager’s property.
Nonetheless, Voyager countered that Alameda tried to undermine and sabotage its restructuringFT efforts. The lender not too long ago subpoenaed high Alameda and FTX executives over their botched acquisition deal.
The put up Voyager, FTX attain settlement on $445M mortgage appeared first on CryptoSlate.
