Cryptocurrency news by Protos

FTX clawback efforts accelerate with $450M lawsuit against Voyager


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Sam Bankman-Fried’s bankrupt crypto lending arm Alameda Research has filed a lawsuit against bankrupt crypto brokerage Voyager Digital, in an attempt to reclaim approximately $446 million in loan payments.


The lawsuit described Voyager Digital as a ‘feeder fund’ that ‘fueled’ the misconduct of Alameda Research. A feeder fund is a structure where investors invest in that fund, and the investments are then fed into the ‘master fund’ which executes the investments — a key target for clawbacks in the Bernie Madoff case.

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