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FTC Reaches Settlement With Voyager, Permanently Banning It From Handling Consumer Assets

According to an official announcement, the US Federal Trade Commission (FTC) has announced that it has reached a settlement with bankrupt cryptocurrency lending company Voyager Digital, permanently banning it from handling consumer assets. The FTC stated that Voyager and its former CEO Stephen Ehrlich misled consumers, resulting in consumers losing over $1 billion in cryptocurrency after the company collapsed.

The proposed settlement agreement with Voyager and its affiliates will permanently prohibit these companies from offering, marketing, or promoting any product or service that can be used to deposit, exchange, invest, or withdraw any assets. The related companies also agreed to a $165 million judgment, which will be suspended to allow Voyager to return the remaining assets to consumers in the bankruptcy process.

Voyager Digital CFTC
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