Alameda Research To Repay $200 Million In Loans To Voyager Digital

Alameda Research To Repay $200 Million In Loans To Voyager Digital

The post Alameda Research To Repay $200 Million In Loans To Voyager Digital appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Crypto trading firm Alameda Research will be repaying two large loans in Bitcoin and Ether, worth $200 million to Voyager Digital, the bankrupt crypto lender. Alameda will repay 6,553 in bitcoin (approx $128 million) and 51,204 in Ethereum (approx $70 million) in principal and loan fees, as per a court filing last night. It will also be paying some smaller amounts in seven other tokens.

The filing mentioned that the loans are due by Sept. 30. Alameda will reclaim around $160 million in collateral. The trading firm had stumped up collateral for the loans, which comprises 4,650,000 in FTX’s token FTT (roughly $112 million) and 63,750,000 in SRM (roughly $49 million), the utility token of decentralized exchange Serum.

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