Bankrupt Voyager Digital requested that crypto trading firm Alameda Research repay its $200 million loan in a Sept. 19 court filing. According to the filing, Alameda would repay 6,553 BTC (roughly $128 million) and 51,204 ETH ($70 million) to the bankrupt firm. The filing revealed that the Voyager loan included other crypto assets like USDC,…
Voyager users might not get all of their funds back because the crypto lending company has declared bankruptcy, Bloomberg News reported. According to the filing, Voyager expects its users’ funds to be impaired during bankruptcy. Account holders are unlikely to get a full refund of their deposits because the company could be restructured or sold….
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! According to the company’s announcement, the credit facility will be used to safeguard customer assets in light of current market volatility and only “if needed.” The market volatility threatening Voyager originated from Three Arrows Capital, an investment fund that took out…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! FTX CEO and founder Sam Bankman-Fried (SBF) said the downturn in the crypto market is driven by the aggressive rate hikes introduced by the U.S. Federal Reserve to counter the rising inflation, he said during an interview with NPR. SBF said…