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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX sues Voyager Digital to claw back US$446 million in 2022 loan paymentsNEW YORK: Bankrupt crypt 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 into bankruptcy in November 2022. FTX and Voyager both filed for bankruptcy amid a 2022 collapse in cryptocurrency markets, b
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
FTX sues Voyager Digital to claw back $446 million in 2022 loan paymentsNEW YORK: Bankrupt crypt exchange FTX sued crypto lender Voyager Digital on Monday, seeking to claw back $445.8 million in loan repayments that FTX made before collapsing into bankruptcy in November 2022.FTX and Voyager both filed for bankruptcy amid a 2022 collapse in cryptocurrency markets, but Voyager�
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
FTX founder Bankman-Fried objects to tighter bail, says prosecutors 'sandbagged' himNEW YORK – Lawyers for Sam Bankman-Fried on Saturday (Jan 28) urged a US judge not to ban the indicted FTX cryptocurrency executive from communicating with former colleagues as part of his bail, saying prosecutors 'sandbagged' the process to put their client in the 'worst possible light.' The lawyers were responding to a Friday night request by federal prosecutors that...
Source: asiaonecom - 🏆 10. / 59 Read more »
US says FTX founder Bankman-Fried needs limits on communications, asset accessNEW YORK : The U.S. government on Monday urged a judge to reject Sam Bankman-Fried's claim it went too far by insisting that the indicted founder of the now-bankrupt FTX cryptocurrency exchange be banned from contacting his former colleagues.In a letter to U.S. District Judge Lewis Kaplan in Manhattan, pr
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Singapore and Malaysia sign agreements to deepen cooperation in digital and green economySINGAPORE – Singapore and Malaysia have agreed to strengthen bilateral co-operation and jointly seize opportunities in the digital economy and green economy, and to work closely on data protection and cyber security. Prime Minister Lee Hsien Loong and Malaysian Prime Minister Anwar Ibrahim witnessed the signing of three agreements covering these fields on Monday, during Datuk Seri Anwar's first official...
Source: asiaonecom - 🏆 10. / 59 Read more »
Digital, green economy cooperation among agreements signed during Malaysia PM Anwar's visit to SingaporeThe potential areas of cooperation include cross-border e-payment systems and electric vehicle charging points. New starting!🇲🇾✌️ TanSiHuiCNA LKY said that we need to go back to Malaysia.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »