Voyager describes Alameda’s objection to its Binance deal as ‘hypocrisy’

Bankrupt crypto lender Voyager described Alameda’s objection to Binance.US’ bid for its assets arsenic “hypocrisy and chutzpah.”

Voyager said the bankrupt crypto trading steadfast has “desperately sought to undermine and sabotage” its restructuring efforts. The lender said Alameda tried to front-run its selling connection by offering a lowball connection that disparages its businesses.

According to the tribunal filing, caller revelations successful the crypto abstraction showed that Alameda made “last-ditch efforts to disguise the holes connected its ain equilibrium expanse resulting from their [Alameda’s] evident fraud.”

Voyager added that Alameda’s objection to the level of disclosure concerning definite intercompany claims were “baseless” due to the fact that FTX’s counsel reviewed and approved these claims 2 months ago. Apart from that, the aforesaid claims person been approved by an capable court.

Meanwhile, Voyager said it entered into the Alameda-FTX loan based connected fraudulent and mendacious representations made by the present bankrupt crypto firm.

Voyager responds to SEC, others

Voyager besides responded to the objections filed by the antithetic regulatory bodies of New Jersey, Texas, Vermont, the U.S. Trustee, and the SEC.

According to the tribunal filing, regulators’ concerns astir Binance.US’ quality to consummate the transaction are misplaced due to the fact that their fears are based connected “speculation” and not “facts.” Voyager added that the concerns are besides “veiled attempts” to override its concern judgment.

Voyager wrote:

“Raising Disclosure Statement objections based connected unsubstantiated and unverified media reports portion ignoring the important accusation already made disposable to the Objectors is simply a bare effort to undermine the Binance.US Transaction and onslaught Binance.US.”

The steadfast added that Binance.US provided each the objectors with the accidental to person fiscal statements and different diligence reports showing its beardown fiscal position. However, the objectpors person feigned ignorance of this fact.

Voyager besides pointed out the hypocrisy successful the basal of regulators successful Vermont, New York, Texas and Hawaii.

According to the regulators, Binance.US connection to repay their residents successful currency and not successful crypto amounts to “unfair treatment.”

However, Voyager responded that the determination was based connected their ain “regulatory decisions.”

“Any barriers successful spot preventing their constituents from receiving distributions in-kind similar different states is wholly of the objecting states’ ain making.”

The station Voyager describes Alameda’s objection to its Binance woody arsenic ‘hypocrisy’ appeared archetypal connected CryptoSlate.