Texas Court Document Reveals Potential Implications of Alameda Research Claim against Voyager

02/27/2023 11:06 • Metaverse Matters • 81 views

It is reported that according to a court document issued by the Texas regulatory agency in the United States, if Alameda Research succeeds in claiming $445 million from Voyager, the asset recovery rate of Voyager creditors may fall from 51% to 24% to 26%, while in contrast, the bankruptcy liquidation of Voyager may cause creditors to recover more assets. According to the document, the acquisition of Voyager by Binance.US should be cancelled, and Voyager did not fully warn Alameda’s claim and the user’s personal information may be transferred to overseas jurisdictions.

Texas regulators: If Alameda successfully claims $445 million from Voyager, the rights and interests of other creditors will be halved

Analysis based on this information:

According to a court document issued by the Texas regulatory agency, the potential $445 million claim made by Alameda Research against Voyager could result in a significant drop in the asset recovery rate of Voyager creditors. Currently standing at 51%, it could fall to as low as 24-26%, should Alameda succeed in its claim. This would be a significant blow to creditors seeking to recoup their losses from Voyager’s demise.

However, the document also suggests that the bankruptcy liquidation of Voyager may be a better option for creditors, as it could result in a higher recovery rate of assets. While this may mean a lengthier process, this alternative should be explored in the interest of creditors.

In addition to the potential implications of the Alameda claim, the court document also notes that the acquisition of Voyager by Binance.US should be cancelled. The reason behind this is that Voyager did not fully disclose Alameda’s claim and the potential transfer of user personal information to overseas jurisdictions. This lack of transparency could put users at risk, and Binance.US should re-evaluate its acquisition of Voyager with this in mind.

Overall, this court document highlights the complex nature of the Voyager case, and the various factors that need to be taken into consideration in order to achieve the best outcome for creditors. While the potential Alameda claim could have dire consequences, the bankruptcy liquidation option should not be overlooked. Additionally, the role of transparency in the acquisition process is also critical, and all parties involved should be mindful of the potential risks to user data and privacy.

In conclusion, this court document serves as an important piece of information for all those involved in the Voyager case, and underscores the need for careful consideration of all possible outcomes in order to reach a fair and just resolution.

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