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Bankman-Fried’s Alameda Lends $485 Million to Crypto’s Voyager

  • Terms include credit lines of $200 million and 15,000 Bitcoins
  • Voyager seeks to safeguard customer assets in current market
The Voyager Digital Ltd. application

The Voyager Digital Ltd. application

Photographer: Gabby Jones/Bloomberg

Crypto broker Voyager Digital Ltd said it secured loans from Alameda Research, the trading outfit from FTX founder Sam Bankman-Fried, to shore up protection for customer assets while activity in the digital asset market remains highly volatile.

Voyager said it had signed a non-binding term sheet for a $200 million credit facility from Alameda, compiled using a mix of cash and USDC, a stablecoin tied to the value of the US dollar. The sheet also included a revolving line of credit for 15,000 Bitcoins, worth roughly $285 million on Saturday morning in London as crypto prices tumbled.