Alameda's Attempt to Extract $446 Million Loan Repayment to Voyager Rejected

According to court filings, Alameda tried to extract $446 million it made in loan repayments to Voyager has been rejected by both the creditors’ committee and Voyager itself.

Voyager creditors argued that Alameda’s claims should either be equitably subordinated to all other creditor claims, or recharacterized as equity. Alameda’s fraudulent conduct cost Voyager and the creditors between $114 million to $122 million.

The creditors cited prior caselaw that says the court may "rearrange the priorities of creditors’ interests and to place all or part of a wrongdoer’s claim in an inferior status, in order to achieve a just result."