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.
