CEO of FTX, Sam Bankman-Fried, Owes Bankrupt Voyager $377 Million

CEO of FTX, Sam Bankman-Fried, Owes Bankrupt Voyager $377 Million

Only days after the crypto broker firm Voyager filed for bankruptcy, Alameda Research, the firm founded by crypto billionaire and the CEO of FTX, Sam Bankman-Fried, was revealed to owe Voyager a large sum of borrowed money.


Sam Bankman-Fried Photo by Lam Yik (Bloomberg)

The Bankruptcy Filing By Voyager

In the chapter 11 bankruptcy document that was filed by Voyager, it was revealed that Alameda Research founded by Sam Bankman-Fried or often known as SBF, was the second largest borrower after Three Arrows Capital (3AC), which owed Voyager more than $600 Million.

The filing shows that Alameda Research owes Voyager a shocking $377 million at an interest rate of 1% to 5%, of which included a $75 million unsecured loan.

Sam Bankman-Fried Claims To Own Billions Of Dollars In Reserves

In a recent interview with Reuters, although not directly related to the topic of his debt to Voyager, SBF says that his company still has “a few billion” in reserves to assist struggling crypto firms amid this year’s bear market.

Sam Bankman-Fried Photo by Lam Yik (Bloomberg)

Because of this, many in the community have begun to question why Alameda Research would have to borrow from Voyager if they had the funds in the first place.

So far, neither Sam Bankman-Fried or Alameda Research have replied to questions or accusations from the reveal of their $377 Million debt.

For more info regarding Crypto Alpha and NFTs Alpha.  Always follow us at Twitter and Instagram


Related post