April 13 (Cointime) - Alameda Research, the trading arm of FTX, is entitled to repayment of nearly $53 million for a loan initially provided to Deltec International Group in 2021, a Delaware judge ruled on Wednesday.

In an order by bankruptcy judge John Dorsey, Deltec, a Cayman Islands company with a banking arm that serves stablecoin firm Tether, was instructed to repay Alameda. The judge stated, "Deltec shall and is hereby authorized and directed to pay to Alameda an amount equal to USD 52,859,644," along with a daily interest of $10,538.

In 2021, Alameda made an original payment of 50 million USDT, Tether's stablecoin pegged to the U.S. dollar, to Deltec. The contract was approved by FTX Digital Markets' co-Chief Executive Officer Ryan Salame, who purported to act as the director of another company called Norton Hall. However, according to earlier court filings by FTX, Salame never held such a position and was not authorized to act in that capacity.