Voyager Crypto Firm Loans US$377 Million to Sam Bankman-Frieds Alameda Research
Categories: Crypto News US
Voyager Crypto Firm Loans US$377 Million to Sam Bankman-Frieds 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 bankrupt crypto brokers bankruptcy filing.
- Voyager Digital entered into a loan agreement with Alameda Ventures for a US$500 million revolving credit facility in bitcoin and USDC.
- Alameda Research and its venture fund Alameda Ventures held 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).
- Alamedas' debt to Voyager is the second largest after
- Bankman-Frieds FTX recently provided a US$250 million revolving credit facility to another 3AC-exposed firm, BlockFi.