Voyager, the now insolvent lending company, calls out FTX Alameda research for opposing the agreement reached between Voyager and Binance as being hypocritical.

Voyager Addresses Alameda’s Opposition

Binance proposed a deal to acquire the assets of the now-defunct lending firm, but both firms encountered strong opposition from FTX Alameda Research. Voyager called out the research firm for opposing the deal between the firm and Binance.

According to Voyager, the FTX subsidiary firm, Alameda Research has looked for strategies to counteract the lending companies’ attempts to restructure and stabilize.

The lending company claimed that Alameda also proposed a very belittling deal to discredit its business operations in an effort to sabotage any restructuring efforts.

According to information from a court filing, Alameda Research allegedly took questionable steps to manipulate its balance sheet during the proof of reserve report in order to conceal its attempts of fraud.

Voyager added that the Alameda research’s opposition to some of the it’s company’s allegations was pointless and unfounded, noting that the FTX counsel had previously admitted to all of these allegations.

The lending firmy also disclosed that it became involved in the FTX-Alameda loan as a result of false statements and misrepresentations made by the now-bankrupt exchange FTX.

Voyager Responds To Regulators Claims

Additionally, Voyager issued a statement regarding the court documents submitted by the Securities and Exchange Commission (SEC). 

The SEC expressed its concerns in its filings regarding Binance U.S.’s capacity to pay the asset acquisition costs that Voyager was demanding.

Voyager claimed that these concerns are unfounded and that there is no evidence to support any charges that they may be leveling against BInance.

In a letter, Voyager claimed that the SEC was making a self-serving and dishonest attempt to sabotage the agreement between Binance and Voyager and to criticize the Binance company by making false claims based on little to no evidence.

The lending company also disclosed that Binance U.S. gave all oppositions the chance to formally receive a financial report on the capability of its company.

Additionally, the regulators charged Binance with unfair treatment for paying its residents in cash rather than cryptocurrency.

In response, Voyager stated that both the company and Binance had reached an understanding on this.