Lawyers representing FTX have filed a lawsuit against Voyager Digital, a cryptocurrency lending platform, to recover USD 446 million that it paid the company in loan repayments. 

FTX previously made payments of USD 248.8 million and USD 193.9 million in September and October respectively, on behalf of Alameda Research, its crypto-trading arm. The company claims it is entitled to take back these funds on account of these payments being made so close to FTX's own bankruptcy in November.

The company also confirmed previous allegations that Alameda was borrowing FTX's customer funds to fund risky investment strategies, stating that it plans to use the recovered money to pay off Alameda's creditors. It went on to accuse Voyager Digital of being complicit in the misconduct.

Analyst QuickTake: This news comes just weeks after Binance US received approval for its USD 1 billion acquisition of Voyager Digital . Voyager Digital initially claimed the sale would enable customers to recover 51% of the value of their deposits at the time of its bankruptcy filing. This deal—which will only be confirmed after a court hearing due in March this year after additional approval by a majority of Voyager Creditors—could be impacted by the verdict of this lawsuit.