FTX sues Voyager Digital to claw back US$446 million in 2022 loan payments

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NEW YORK: Bankrupt crypto exchange FTX sued crypto lender Voyager Digital on Monday (Jan 30), seeking to claw back US$445.8 million in loan repayments that FTX made before collapsing

sued crypto lender Voyager Digital on Monday , seeking to claw back US$445.8 million in loan repayments that FTX made before collapsing into bankruptcy in November 2022.

After Voyager filed in July, it demanded repayment of all outstanding loans to FTX and its affiliate hedge fund Alameda Research. Because those loan payments were made so close to FTX’s own bankruptcy filing, they are eligible to be clawed back and potentially used to repay other FTX creditors, according to FTX’s complaint.

FTX initially appeared to weather the storm that brought down Voyager and other crypto firms in the summer of 2022, presenting itself as a"white knight" that could stabilise reeling crypto markets. FTX offered to buy Voyager's platform in a bankruptcy auction, but the proposed acquisition fell apart when FTX imploded in November.

 

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