Voyager Digital has rejected a proposal from Alameda Ventures and FTX to provide early liquidity to the troubled crypto lender’s customers, court documents published on 24 July show.
According to the documents — filed as part of the company’s bankruptcy proceedings — Voyager Digital is rejecting the offer made by FTX, FTX.US, and Alameda to buy out all of Voyager’s assets and outstanding loans, with the exception of the defaulted loan to Three Arrows Capita (3AC). Voyager also noted that the proposal also made “misleading or outright false claims”, and that making it public had jeopardized other potential deals. The rejection letter reads:
“By making its Proposal publicly in a press release laden with misleading or outright false claims, AlamedaFTX violated many obligations to the Debtors and the Bankruptcy Court. Voyager reserves all rights and remedies against AlamedaFTX for its clear and intentional subversion of the bankruptcy process.”
FTX and Alameda made the proposal public in a press release last Friday, saying that the goal was to “help establish a better way to resolve an insolvent crypto business”, and help customers “reclaim a portion of their assets”...
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