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Alameda to Be Repaid $53M Deltec Loan, Delaware Bankruptcy Court Says

FTX’s trading arm Alameda Research should be repaid nearly $53 million for a loan originally made in 2021 to Deltec International Group, a Delaware judge ruled on Wednesday.

The court is attempting to unwind the affairs of the FTX after it filed for bankruptcy in November, complicated by an apparent lack of reliable records kept by the crypto exchange.

Deltec, a Cayman Islands company whose banking arm serves stablecoin company Tether, “shall and is hereby authorized and directed to pay to Alameda an amount equal to USD 52,859,644,” plus $10,538 in interest per day, bankruptcy judge John Dorsey said in an order.

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