Estates of cryptocurrency companies Voyager and FTX have reached an agreement on disputed loan payments worth $445 million, as revealed in Wednesday’s filings.
Alameda Research, the trading division of FTX, filed a lawsuit in January to recover loan repayments made to Voyager before its own bankruptcy filing.
As per the agreement, Voyager will retain the funds under dispute until a court order or final settlement is reached. In addition, Voyager will hold a $5 million deposit from FTX without distribution until the ownership of the deposit is settled.
During the hearing, Voyager’s lawyers revealed that they were in the process of selling the company’s assets to Binance’s US arm, with the sale approved by 97% of the creditors.
Meanwhile, FTX’s own bankruptcy proceedings continue at a Delaware court. This interim agreement marks a step towards resolving the dispute between the two companies.
