Embattled crypto investment firm Alameda Research filed a lawsuit against Voyager Digital to recover $445.8M in repaid loans.
Lawyers managing the FTX and Alameda bankruptcy case filed the suit in a Delaware court on Jan. 30.
FTX admits that Alameda used FTX customer deposits and claims that Voyager and other crypto lending firms also "knowingly or recklessly" funneled customer funds toward Alameda with "little or no due diligence.""Voyager's business model was that of a feeder fund."Voyager claims that all loans were fully repaid before FTX and Alameda filed for bankruptcy late last year.Alameda paid Voyager almost $249M in September and $194M in October, including a $3.2M interest payment in August.
To make matters worse, FTX.US had won the bid to acquire Voyager and was also one of Voyager's shareholders.