cryptonews: Besides arguing that because the payment was within the 90-day 'Avoidance Period', the FTX restructuring team said Voyager & other crypto lenders share some of the blame for the exchange's collapse. 👀
That is well known, FTX Group's restructuring management told the Federal Bankruptcy Court in Delaware on Jan. 30. But it added:
Calling Voyager a "feeder fund," the FTX Group's filing said the lender "solicited retail investors and invested their money with little or no due diligence in cryptocurrency investment funds like Alameda and [bankrupt hedge fund] Three Arrows Capital."For all of the blame casting, the meat of FTX Group's argument comes down to that avoidance period.
The vast majority of those payments came in two parts. First, there were the funds loaned to Alameda by Voyager. That was covered in the Sept. 19 payment of $248.8 million in various cryptocurrencies, as well as various fees.FTX's management wants that back, too.
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