Alameda To Repay Voyager $200 Million in Crypto

Alameda To Repay Voyager $200 Million in Crypto
  • Alameda to Repay $200 Million in Crypto to Bankrupt Voyager.
  • Sam Bankman-Fried is a crypto billionaire and well-known figure in the trading sector.
  • Even according to Bloomberg, FTX allegedly tried to purchase Robinhood.

According to a court document from insolvent Voyager Digital Ltd., crypto millionaire Sam Bankman-Alameda Fried’s Research will return around $200 million in Bitcoin and Ether that it had borrowed from the company.

According to a separate filing made late Monday, the deal to return the cryptocurrency was made public after Voyager’s plea to have the loan to Alameda reimbursed was allowed by a New York bankruptcy court.

By turning the cryptocurrency exchange FTX into a popular platform utilized by traders and investors, Sam Bankman-Fried became a crypto billionaire and one of the most well-known figures in the sector.

With more than a million customers and an average daily trading volume of close to $10 billion, his company was valued at $32 billion in January. However, because it is still a privately held company, no one is aware of the full extent of its damage from the recent “crypto winter.” 

As a point of comparison, the publicly traded cryptocurrency Coinbase has lost over two-thirds of its value this year, and mining company Marathon Digital has seen a decline of more than half.

Bankman-Fried has recently tried to assume the position of an industry consolidator, purchasing troubled assets both to bet on their ultimate recovery and to enhance his presence in the United States. BlockFi, a crypto financing firm, has an option to be purchased by FTX in July. 

Two months prior, Bankman-Fried reported a 7.6% interest in Robinhood, a struggling trading app. Bloomberg even claimed that FTX was attempting to acquire Robinhood, although Bankman-Fried refuted the existence of any ongoing negotiations.

disclaimer read more

Crypto News Land ( , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.

programmer & freelance writer