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CFTC Commissioner Slams Voyager Digital for Customer Fund Losses

The United States Commodity Futures Trading Commission (CFTC) has accused Voyager Digital of misleading practices and "bare-bones due diligence" that led to the loss of billions of dollars of customer funds. CFTC Commissioner Kristin Johnson criticized Voyager for ignoring warning signs and failing to protect customers, stating that "the company became no better than a house of cards."

The CFTC and the Federal Trade Commission filed parallel lawsuits against Voyager's former CEO Stephen Ehrlich, with the CFTC alleging fraud and "registration failures" over its platform and its "unregistered commodity pool." Voyager and its affiliates agreed to a judgment of $1.65 billion, which will go toward repaying customers in the bankruptcy proceedings.

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