The trading firm co-founded by crypto billionaire Sam Bankman-Fried will return about US$200 million worth of Bitcoin and Ether it had borrowed from Voyager, in an agreement reached as part of the TSX-listed firm’s bankruptcy proceedings. (Bloomberg)
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The trading firm co-founded by crypto billionaire Sam Bankman-Fried will return about US$200 million worth of Bitcoin and Ether it had borrowed from Voyager, in an agreement reached as part of the TSX-listed firm’s bankruptcy proceedings. (Bloomberg)
Talking point: Alameda and Bankman-Fried are deeply connected to Voyager, to an extent that has raised questions about whether there should be more disclosure and oversight of arrangements between crypto firms. Bankruptcy filings revealed Alameda is a borrower, lender and investor to Voyager. Meanwhile, FTX has been bailing out distressed crypto firms and is reportedly in the lead to buy Voyager’s assets in a bankruptcy court auction. FTX, which counts the Ontario Teachers’ Pension Plan as an investor, intends to become available again to Canadians by acquiring Calgary-based Bitvo. It placed restrictions on users following a crackdown by securities regulators last year.
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