Alameda Research is seeking to recover around $446 million in cryptocurrencies that were transferred to lender Voyager Digital before Alameda filed for bankruptcy.
Alameda claims that it repaid all of its loans to Voyager, including some that had not yet matured, in cryptocurrencies like bitcoin and ether after Voyager filed for bankruptcy.
In the lawsuit, Alameda argues that Voyager’s role in funding Alameda and fueling its alleged misconduct has been largely ignored and claims that it is unclear if Voyager held a valid lien on the collateral it received from Alameda.
The company is asking the court to rule that the transfers were avoidable preferential transfers and award Alameda no less than $445.8 million plus any additional avoidable transfers and fees incurred.
