alameda ventures

Bankrupt crypto lender Voyager Digital said a recent joint proposal from FTX and Alameda Ventures was a "low-ball bid dressed up as a white knight rescue" and alleged the plan would disrupt its bankruptcy process. Under the partial bailout plan, it was announced that crypto trading firm Alameda would purchase all of Voyager's digital assets and digital asset loans, except the loans to bankrupt crypto hedge fund Three Arrows Capital. Voyager's customers could then receive some of those funds if they chose to open an…

The US crypto lender Voyager Digital said that it had filed for bankruptcy, becoming another casualty of a dramatic fall in prices that has shaken the cryptocurrency sector. Crypto lenders such as Voyager boomed in the COVID-19 pandemic, drawing depositors with high interest rates and easy access to loans rarely offered by traditional banks. However, the recent slump in crypto markets-sparked by the downfall of two major tokens in May-has hurt lenders. New Jersey-based Celsius in June froze withdrawals and has hired…