According to court documents filed Monday (Sept. 19), Alameda will pay about 6,500 bitcoin and roughly 51,000 ether by Sept. 30. Voyager, meanwhile, will return the collateral tied to the loan.
In July, Alameda had tweeted it was “happy to return the Voyager loan and get our collateral back whenever works for [V]oyager.” As of Tuesday (Sept. 20), it was the account’s sole tweet.
Both Voyager and Alameda declined to comment Tuesday.
Bankman-Fried’s FTX and Alameda had proposed buying Voyager in July, but a lawyer for Voyager soon countered that the offer was actually a “low-ball bid dressed up as a white knight rescue” that would cost the company money in the long term.
In late June, Bankman-Fried offered Voyager a $550 million loan before it entered Chapter 11. He said he felt a “responsibility” to attempt to stop a domino effect of insolvencies stemming from the $48 billion collapse of a stablecoin and the subsequent failure of Three Arrows Capital.
Last month, the billionaire said in an interview that he expects some of the $1 billion he had put into rescuing and acquiring crypto firms during the sector’s collapse to yield profits, while others will end up being a disappointment.
“Mixed is basically the answer. I think some were going to turn out to be profitable, some won’t be,” Bankman-Fried said on Bloomberg’s “David Rubenstein Show: Peer-to-Peer Conversations.”
“I mean, with Voyager, I think there’s $70 million there that we put in that I’m not sure we’re ever seeing again,” he added.
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