Quantitative buying and selling firm Alameda Analysis will return an estimate of $200 million to Voyager Digital, which is continuing by way of chapter. Alameda borrowed the fundsin cryptocurrencies in September 2021. At the moment, the sum was near $380 million.

Per a recentfiling within the Chapter Courtroom of Southern District of New York, the events have reached an settlement, and Alameda will return round 6,553 Bitcoin (BTC) and 51,000 Ether (ETH) by Sept. 30. In its company Twitter account Alameda confirmed its readiness to return the funds:

glad to return the Voyager mortgage and get our collateral again at any time when works for voyager

— Alameda Analysis (@AlamedaResearch) July 8, 2022

In its flip, Voyager should return the collateral within the type of 4.65 million FTX Tokens (FTT) and 63.75 million Serum (SRM), which quantities to $160 million by press time. The corporate has been undergoingChapter 11 chapter proceduressince July and began to public sale off its belongings in September as a way to return a part of the funds to clients.

In the course of the chapter case, the courtroom proceedings and monetary paperwork have proven a deep relationship between Voyager and Alameda. In June, when Voyager received in bother, Alameda moved from a borrower to a lender and provided a $500 million bailout. Nevertheless, that led to a public battle between the 2 sides with Voyager rejecting a buyout, claiming it may “hurt clients.”

Alameda Analysis and FTX merge VC operations

Furthermore, Voyager’s monetary books indicate that it lent out $1.6 billion in crypto loans to an entity primarily based within the British Virgin Islands, the identical place the place Alameda is registered. On the identical time, Alameda was additionally the largest stakeholder in Voyager, with an 11.56% stake within the firm acquired by way of two investments for a mixed whole of $110 million. Earlier this 12 months, Alameda surrendered4.5 million shares to keep away from reporting necessities, bringing its fairness all the way down to 9.49%.

Like a number of different crypto platforms and lending entities, together with Celsius, BlockFi and Hodlnaut, Voyager struggled to proceed its operations within the aftermath of the worldwide crypto market downfall within the early Summer time of 2022.