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A federal judge has approved an order requiring crypto lending firm Voyager Digital and its affiliates to pay $1.65 billion in monetary relief to the United States Federal Trade Commission (FTC).In a Nov. 28 filing in U.S. District Court for the Southern District of New York, Judge Gregory Woods ordered
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The native token [VGX] of bankrupt crypto brokerage firm Voyager Digital surged by 19% on Friday after on-chain data revealed that a Voyager wallet sent 52 million tokens ($7.3 million) to a burn address. Source
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The FTC lawsuit accuses the former Voyager CEO of fraud and misleading users, while the CFTC said the firm and CEO took reckless risks. The Federal Trade Commission (FTC) and the United States Commodity Futures Trading Commission (CFTC) have both filed lawsuits against the former CEO of lending platform Voyager. Each
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A commissioner for the United States Commodity Futures Trading Commission (CFTC) has slammed Voyager Digital for its mistakes that eventually led to the loss of billions of dollars of customer funds.Statement of @CFTCjohnson regarding @cftc's charges against Voyager's chief executive officer. Learn more: https://t.co/OiBvOoCuV6— CFTC (@CFTC) October 12, 2023 In an
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The US Commodity Futures Trading Commission (CFTC) has taken legal action against Voyager Digital and its former CEO, Stephen Ehrlich. The CFTC filed
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Co-founder of Voyager Digital Stephen Ehrlich faces charges from the Commodity Futures Trading Commission for alleged fraud and failing to register with the agency. The Commodity Futures Trading Commission (CFTC) has leveled accusations against Stephen Ehrlich, the co-founder of Voyager Digital. According to the CFTC, Ehrlich is being charged with fraud
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“Ehrlich and Voyager lied to Voyager customers,” said Ian McGinley, the CFTC’s enforcement director, in a statement about the suit, which calls for restitution, penalties and industry bans for the former executive. “While representing they would treat customers’ digital asset commodities safely and responsibly, behind the scenes, they took shockingly
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The United States Commodity Futures Trading Commission (CFTC) and Federal Trade Commission (FTC) have filed parallel lawsuits against Stephen Ehrlich, the former CEO of crypto lending firm Voyager Digital.In an Oct. 12 announcement, the CFTC said it had filed a lawsuit in U.S. District Court for the Southern District of
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Officials at the United States Commodity Futures Trading Commission (CFTC) were reportedly considering an enforcement action against Stephen Ehrlich, the former CEO of crypto lending firm Voyager Digital.According to an Oct. 6 Bloomberg report, CFTC staff were considering taking action against Ehrlich following an investigation concluding the former CEO violated
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After rumors surfaced suggesting that BlackRock, the largest asset management firm, is poised to acquire Voyager Digital, crypto.news confirmed that the deal was fabricated. When crypto.news reached out to BlackRock to confirm the veracity of the alleged buyout, Carolyn Vadino, the firm’s managing director of corporate communication, categorically confirmed that
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