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  "authorName": "Voyager Digital",
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  "presentationDate": "2023-01-01 00:00:00",
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      "text": "As a result of the epic fraud, several of AlamedaFTX's key management personnel have been indicted on charges, while two executives have already plead guilty to wire fraud, conspiracy to commit wire fraud, commodities fraud, security fraud, and money laundering",
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      "text": "AlamedaFTX objects to the Disclosure Statement for the following three reasons: (1) the Plan does not comply with section 1129(b) of the Bankruptcy Code because the Debtors' subordinate the Alameda Loan Facility Claims; (2) the Plan fails the best interests of creditors test; and (3) the Plan impermissibly classifies the Alameda Loan Facility Claims separately from other Holders of Claims",
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      "text": "issued a misleading press release and lowball proposal in July 2022 in an attempt to front-run the marketing process while chilling bidding and elongating the process;",
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      "text": "further misrepresented and defrauded the Debtors in executing the APA; and",
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      "text": "Subordination of the Alameda Loan Facility Claims is proper and justified. AlamedaFTX's inequitable conduct pervaded the Debtors' process and reorganization efforts from the outset, unduly harming the Debtors' creditors in the process. Specifically, AlamedaFTX:",
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      "text": "induced the Debtors with false facts and representations to enter into the Alameda Loan Facility shortly before filing;",
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      "text": "AlamedaFTX's objection has been resolved with further disclosure in the Disclosure Statement, but remains outstanding as Plan objections",
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      "text": "caused a contagion in the marketplace and derailed the Debtors' cases in the process, further diminishing creditor recoveries",
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