PANews, January 31, Bloomberg reported that Alameda Research is seeking to recover $446 million from Voyager Digital related to cryptocurrency loans Voyager provided to Alameda before it filed for bankruptcy in July. Alameda filed a lawsuit against Voyager in the U.S. Bankruptcy Court of Delaware on Monday. Court documents show Alameda repaid the loan shortly before it filed for bankruptcy, so the company is trying to recoup the money by taking advantage of bankruptcy rules designed to ensure certain creditors are not treated favorably. Alameda's attorneys said in court documents that as the lawsuit unfolds, the company may discover additional amounts it wants to recover.

“The (legitimate) focus on the alleged misconduct of Alameda and its now-indicted former leadership has largely overlooked the role played by Voyager and other cryptocurrency ‘lenders’ who provided funding to Alameda and knowingly or recklessly facilitated the alleged misconduct,” Alameda’s attorneys wrote in the complaint.

The relationship between Voyager and Alameda is closely and intricately intertwined. When Voyager filed for bankruptcy, court documents showed that Alameda lent money to Voyager and borrowed money from Voyager, and was one of Voyager's largest shareholders. FTX participated in the auction of Voyager assets before its bankruptcy in November last year.