Voyager, which secured a credit line worth about US$485 million from Alameda in mid-June, is among a growing list of casualties of a market collapse that’s seen about US$2 trillion wiped off the value of cryptocurrencies. Its filing listed Alameda as the biggest single creditor, with a US$75 million unsecured loan.
Crypto broker Voyager Digital filed for Chapter 11 bankruptcy protection just weeks after getting a lifeline from billionaire Sam Bankman-Fried’s Alameda Research, citing market volatility and the collapse of a hedge fund it had lent money to.
The firm and two affiliates, Voyager Digital LLC and Voyager Digital Holdings, took the step in the Southern District of New York, a filing showed on Wednesday.
