SBF's Alameda Research has issued its first Twitter, declaring that it is eager to repay the Voyager loan
Alameda Research, the investing arm of Sam Bankman-crypto Frie's business, has released its first tweet, which is directed squarely at Voyager Digital, the insolvent crypto exchange.
happy to return the Voyager loan and get our collateral back whenever works for voyager
— Alameda Research (@AlamedaResearch) July 8, 2022
The reaction from Crypto Twitter to the company's debut tweet was lukewarm. Some saw the message as having a "threatening tone" and being "not very consumer centered," referring to SBF's recent spate of interviews. The CEO of Bitcoin Magazine, David Bailey, described the tweet as "hypersensitive."
Alameda Research Venture LLC now owns 9 percent of Voyager shares after canceling 4.5 million shares to lower its holdings. It also extended Voyager a $200 million credit line and 15,000 BTC. Voyager drew the loan's monthly maximum of $75 million soon after it was granted.
Sam Bankman-Fried, CEO of FTX, has a difficult connection with Voyager. Along with Alameda Ventures Ltd and Alameda Research Ventures LLC, he holds stock in the firm. Alameda Research Ltd. owes Voyager $377 million, according to Voyager's latest Chapter 11 bankruptcy filing, whereas the credit facility was signed with Alameda Ventures Ltd.
The network of firms known as FTX and Alameda is as intricate as its relationship with Voyager Digital. While Alameda Research Ltd is prepared to repay its loan to Voyager, it is unclear how this will be affected by Voyager's loan arrangement with sister business Alameda Research Ventures LLC.
CZ, the CEO of Binance, was plainly perplexed by the situation the day before Alameda's post. He commented that the money flow between Voyager and Alameda was "difficult to follow."
So, 3AC owes Voyager a few 100m, went bust. FTX/Alameda gives 3AC $100m, but didn’t save it.
— CZ 🔶 Binance (@cz_binance) July 7, 2022
Alameda invests in Voyager, then takes a $377 million loan from Voyager... ok...
V went bust. FTX didn't “bail them out” or return the money?
hard to follow?https://t.co/yx6RJjVZrB
