Voyager said the proceeds of the credit facility will be used only if it needs to safeguard customer assets in light of current market volatility.
The bankrupt crypto lender, Voyager, has signed a non-binding term sheet with SBF-controlled quantitative trading firm, Alameda Research, to secure loans amid the turmoil in the market., the first part of Voyager’s line of credit involves a mix of cash and USDC-based credit facility with an aggregate principal amount of $200 million. The second revolving credit facility is for 15,000 BTC, worth approximately $309 million.
In addition to the loans, Voyager Digital revealed that its balance sheet is now worth more than $200 million. However, FTX and Alameda went on to announce their bid on social media, which led to a public spat as well as a court tussle. Voyager then