Alameda Research Files Lawsuit Against Voyager Digital, Seeks $446 Million

Alameda Research's Lawsuit Against Voyager

The complaint filed Monday against Voyager Digital and HTC Trading says that Alameda repaid all of its outstanding loans to Voyager after the lender filed for bankruptcy last July. Some of these loans had yet to mature at the time Voyager requested their repayment.

The filing said that Voyager had 10 different loan sheets with Alameda at the time it filed for bankruptcy. In various filings in September and October 2022, Voyager claimed it held FTT (an exchange token issued by FTX) and SRM (the token for the Serum protocol) as collateral for loans made to Alameda in the form of various cryptocurrencies including bitcoin, dogecoin, ether, USDC, LTC, and others.

Alameda repaid Voyager its loans in the form of bitcoin, ether, and the other cryptocurrencies mentioned above, the filing said.

Alameda Research Seeks $445.8 Million

The trading shop's lawyers said in Monday's filing that they had been unable to determine whether Voyager held a valid and effective lien or security interest in this collateral at any time or whether the "purported collateral" was actually tied to any of Alameda's obligations.

In the filing, Alameda is asking a court to rule that the transfers "are avoidable preferential transfers" and award [Alameda] no less than $445.8 million and the "value of any additional avoidable transfers Plaintiff learns," alongside any fees incurred.