Voyager Digital agrees to keep $445 million in settlement with Alameda Research

02/28/2023 23:55 • Digital Disruptors • 78 views

It is reported that according to a new court document, the encryption lending platform Voyager Digital agreed to retain $445 million after being sued by Alameda Research for repayment of the loan. The lawyer filed a motion on Monday to allow the Voyager debtor to reach an agreement with the FTX debtor and the official unsecured creditor committee in each bankruptcy case. Both parties agree to participate in non-binding mediation and establish a framework for the litigation of the remaining disputes, which may pave the way for FTX and Alameda Research to recover their assets. （TheBlock）

Voyager has reached an agreement with Alameda to retain a US $445 million loan

Analysis based on this information:

According to a recently filed court document, Voyager Digital, an encryption lending platform, has agreed to retain $445 million after being sued by Alameda Research for loan repayment. The lawsuit prompted a motion that allowed the Voyager debtor to enter into negotiations with the FTX debtor and the official unsecured creditor committee in two separate bankruptcy cases. Both parties agreed to participate in a non-binding mediation process and establish a framework for litigating any remaining disputes.

This development marks a significant breakthrough in the ongoing disputes between Voyager Digital and Alameda Research. With the possibility of a mutually agreeable settlement, both sides may recover their assets, and the proceedings may be viewed as a validation of non-binding mediation as an effective conflict resolution tool.

The success of this initiative may serve as an example for other firms faced with litigation or disputes, particularly in the cryptocurrency and encryption lending spaces. The case highlights the importance of approaching such disputes in a constructive and collaborative manner, rather than relying solely on legal remedies.

Overall, this development is a positive step forward for both Voyager Digital and Alameda Research, signaling a potential resolution to their conflicts. It may also pave the way for greater adoption of non-binding mediation as a tool for conflict resolution in the cryptocurrency and encryption lending sectors.

In conclusion, while the details of the settlement have yet to be revealed, the news of Voyager Digital retaining $445 million and entering into mediation with Alameda Research is a significant development with far-reaching implications for the industry. It highlights the importance of collaboration and constructive dispute resolution as key components of effective conflict management.

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Voyager Digital agrees to keep $445 million in settlement with Alameda Research

Voyager has reached an agreement with Alameda to retain a US $445 million loan

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