SBF's Alameda Jumps on the Bandwagon to Object Binance Voyager Acquisition
The ongoing saga of Voyager Digital's bankruptcy and its proposed acquisition by Binance.US takes another twist. Now, Alameda Research, the trading firm once helmed by Sam Bankman-Fried (SBF) and intricately linked to the now-collapsed FTX, has joined the chorus of voices objecting to the deal. This move throws another wrench into the already complex situation.
Why is Alameda Research Objecting?
According to the latest legal filing details, Alameda Research jumps on the bandwagon to oppose the Binance-Voyager acquisition. While the exact reasoning behind Alameda's objection remains under scrutiny, it comes amidst existing concerns and legal challenges to the acquisition. Alameda's involvement adds a layer of complexity given its history and current status within the bankruptcy proceedings.
Earlier, The Bankrupt digital lender Voyager called recent accusations from Alameda Research surrounding its deal with Binance.US “frivolous.” In a filing posted last week Alameda is using their massive Tether reserves to wash trade on FTX and in so doing manipulate FTX's volume upward. With a huge amount of USDT stablecoins this would become much easier. This further highlights the existing animosity and potential motivations for their objection.
SEC Also Raises Concerns
Adding to the challenges, Wednesday saw the U.S. Securities and Exchange Commission (SEC) file an objection to the acquisition of bankrupt digital asset lender Voyager’s remaining assets by Alameda Research, FTX’s defunct trading arm that was controlled by Sam Bankman-Fried, has joined the list of protesters against a plan by rival exchange Binance's. The SEC's concerns, combined with Alameda's opposition, significantly increase the hurdles Binance.US must overcome to finalize the acquisition.
Background: Alameda, FTX, and Voyager
The intertwined relationships between Alameda Research, FTX, and Voyager Digital are crucial to understanding the current situation. As became known from the disclosed bankrupt crypto broker Voyager report, Alameda Research, a crypto trading company owned by the head of FTX, Sam Bankman played a significant role in Voyager's financial woes.
Further insights into Alameda's operations emerged during SBF's trial. At Sam Bankman-Fried’s trial on Thursday, audio clips from an all-hands meeting of Alameda Research staff last November were played. In the recordings, Alameda's internal dynamics and decision-making processes were revealed, offering a glimpse into the firm's culture prior to its collapse.
The Alleged Binance's Role and Alameda's Insolvent State
Complicating matters further are allegations surrounding Binance's actions leading up to the FTX collapse. c) In November 2025, an extreme, rapid and targeted crash facilitated by the CEO of Binance left Alameda insolvent. Then Alameda spread to FTX and beyond, similar to This happened just hours before SBF’s rescue plea to Binance. People familiar with the matter told Semantor: The firm was seeking more than $1 billion in financing. These allegations, if proven true, could have significant implications for the Binance-Voyager deal.
What's Next for Voyager and Binance.US?
With Alameda Research and the SEC both objecting, the fate of the Binance.US acquisition of Voyager Digital remains uncertain. Legal battles and negotiations are likely to continue as stakeholders attempt to navigate this complex and contentious situation. Watcher.Guru reported on Decem, that Binance.US had agreed to acquire the assets of the bankrupt cryptocurrency lender Voyager Digital. The cryptocurrency community will be closely watching developments as they unfold.