FTX, Voyager Reach an 'Interim' Agreement on $445M Disputed Loan
Voyager has been making quite a few headlines lately. This was prompted by Alameda, FTX’s sister firm, after it sued Voyager while seeking $445.8 million. A recent court filing shows that the parties involved had reached a temporary agreement on the $445 million lawsuit. Veering back to January 2023, Alameda sued Voyager over loan repayments that the firm had made prior to its bankruptcy filing. Alameda was pursuing the lawsuit with the intent to recoup the aforementioned funds. Any further remuneration that may have included legal fees was also requested. Now, dismissing the same, the filings show that Voyager was allowed to hold onto the $445 million in cash. The court document read, “ Voyager OpCo shall reserve and hold the amount of $445,000,000 in cash of U.S. Dollars on account of the Preference Claims asserted by the FTX Debtors4 and their estates against the Voyager Debtors in the FTX Adversary Proceeding.” However, it should be noted that thi...