Unsecured Voyager believers invite FTX executives
Unsecured Voyager believers invite FTX executives
After the FTX Group had tried to recalculate the repayment of Alameda's loan to Voyager, lawyers on the part of the struck crypto platform reacted with a two-part salvation of legal inquiries.
In the original submission of the FTX Group, the company claimed that Voyager had failed to carry out the Due Diligence before lying money. Therefore, the submission essentially indicates that Voyager would have to know better than to give Alameda money, which would justify that FTX's trade arm no longer has to repay the loan.
tough answer
In return, Kirkland & Ellis - lawyers who represent Voyager Digital - submitted a list of lectures to get information on several topics, including the supposedly self -sufficient low ball of the company's takeover offer from FTX.
In addition, Ramnik Aurora - the product manager of FTX - was also delivered a summons, although it was previously largely ignored in the legal proceedings.
However, this was only the first row of lectures that were delivered to FTX.
unsecured creditors report
On February 18, the Unsecened Creditors Committee from Voyager Digital submitted its own list of lectures against the FTX Group.
As a supplement to the list of the previously untouched members of the C-Suite of the FTX Group, the second group mentioned-which was also served by Kirkland & Ellis on behalf of the Voyager believers-Samuel Trabucco, the former co-CEO of Alameda, who retired from his position in August 2022 and decided instead to become a business consultant.
In contrast to the previous one, which was more of a collective exercise for mass information, this stack concentrates on the attempted purchase of Voyager Digital by FTX after its bankruptcy. Voyager claims that it was not even a reasonable attempt at buyout because the offer was more made to advertise FTX than anything else.
"[it is a] low-ball bid, which has been disguised as a rescue of the white knight. Alamedaftx essentially proposes a liquidation in which FTX takes on the role of the liquidator. The" fair value "of the cryptocurrency systems and loans from Voyager must be negotiated with Alamedaftx. (…) It is designed to generate advertising for yourself instead of creating added value for Voyager's customers. ”
In the end, Binance seems to have digitally won the tender for the remaining assets from Voyager. If the deal comes about, Voyager customers will receive 51 % of their funds back, subject to further development.
The requested statements will be delivered via zoom from February 27 and continued as long as necessary.
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