Alameda Research, the investment arm of Sam Bankman-Frie’s crypto empire, has sent its first tweet ever, and it is aimed directly at the bankrupt crypto exchange, Voyager Digital.
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 was lukewarm to the company’s first tweet. Some viewed the message as containing a “menacing tone” and was “not very customer focused” appealing to SBF’s recent string of interviews. David Bailey, the CEO of Bitcoin Magazine, called the tweet “hypersensitive.”
Alameda Research Venture LLC currently owns 9% of the shares of Voyager after it recently canceled 4.5 million shares to reduce its holdings. It also gave Voyager a line of credit to the tune of $200 million and 15,000 BTC. Voyager had drawn down $75 million immediately after the loan was approved, which is its monthly limit.
FTX CEO Sam Bankman-Fried has a complicated relationship with Voyager. He owns shares in the company along with Alameda Ventures Ltd and Alameda Research Ventures LLC. According to Voyager’s recent Chapter 11 bankruptcy filing, Alameda Research Ltd. owes Voyager $377 million, while the credit facility was agreed with Alameda Ventures Ltd.
The web of companies under the FTX and Alameda names is as complex as their association with Voyager Digital. While Alameda Research Ltd may be ready to repay its loan to Voyager, it is unclear how this may be impacted by Voyager’s loan agreement with sister company Alameda Research Ventures LLC.
The day prior to Alameda’s tweet, CZ, the CEO of Binance, was also clearly confused by the situation. He remarked that it was “hard to follow” the money flow between Voyager and Alameda.
So, 3AC owes Voyager a few 100m, went bust. FTX/Alameda gives 3AC $100m, but didn’t save it.
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
— CZ 🔶 Binance (@cz_binance) July 7, 2022