Alameda Research Sues Voyager Digital For $446 Million

Alameda Research Crypto Investment Firm It is suing bankrupt crypto lender Voyager Digital to repay FTX loans made prior to the November collapse.

Attorneys handling the FTX and Alameda bankruptcy cases sued Voyager for $445.8 million in a Delaware court on Jan. 30.

The total amount may be higher if more evidence is found. And they also want legal fees to be paid.

FTX is aware of allegations that Alameda used FTX client deposits for risky investments. But it added that Voyager and other crypto lending companies also colluded, possibly through negligence. The customer’s money is transferred to Alameda with little or no verification.

“The Voyager business model is a feeder fund, inviting individual investors and investing their money. There is little or no scrutiny on mutual funds that invest in cryptocurrencies such as Alameda and Three Arrows Capital.”

FTX plans to buy Voyager out of bankruptcy before it collapses in November

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