Alameda Research sues Voyager Digital

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Alameda Investment CompanyResearch, associated with the collapsed FTX exchange, has filed a lawsuit against bankrupt cryptocurrency lender Voyager Digital - the firm intends to recover almost $450 million.

Let us recall that Voyager filed an application forbankruptcy four months earlier than FTX - in July. In it, the crypto lender demanded repayment of all outstanding loans to FTX and Alameda. According to FTX lawyers, these demands may be withdrawn, since they were put forward shortly before the exchange declared bankruptcy. Lawyers for FTX and Alameda plan to return $445 million.

“Voyager used a business model in whichwhich essentially acted as a feeder fund - it attracted retail investors and invested their funds in cryptocurrency investment funds such as Three Arrows Capital and Alameda,” the statement said.

FTX also admits to allegations thatAlameda used deposits from exchange customers for its risky investments, but emphasizes that Voyager and other crypto lending companies were also involved. If FTX is able to recover any funds, it will use them to pay off debts owed to some of its creditors.

Previously, FTX appealed to the court with a requestexclude its Turkish unit from the bankruptcy case. The company cited the inability of the Turkish authorities to comply with the demands of the American court.