Voyager Digital will receive about $200 million in repayment of loans from trading firm Alameda Research.
According to a court filing, the repayment will be in the form of 6,553 in bitcoin (roughly $128 million) and 51,204 in ether (roughly $70 million) in principal and loan fees. Smaller amounts will be in seven other tokens.
The deadline for the repayment set by the court filing is Sept 30, and the failure to do so will increase the loan by 9.59 $ETH and 1.07 $BTC per day.
Following the completion of the repayment, bankrupt crypto lender Voyager will then send Alameda back tokens that the trading firm had stumped up as collateral for the loans — comprised of 4,650,000 in FTX’s token FTT (roughly $112 million) and 63,750,000 in SRM (roughly $49 million), the utility token of decentralized exchange Serum.
This follows Voyager's filing for Chapter 11 bankruptcy protection after the collapse of the crypto hedge fund Three Arrows Capital (3AC).
Alameda has close ties with FTX and...
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