Voyager settles with FTC for $1.65B while CFTC charges former CEO with fraud

The U.S. Federal Trade Commission (FTC) announced on Oct. 12 that it has settled with the failed crypto lending company Voyager Digital. The FTC complained that Voyager falsely advertised U.S. dollar holdings as FDIC-insured, promised customers that their deposits were held safely, and offered incentives for converting crypto to USDC. However, Voyager’s customers collectively lost … Continue reading Voyager settles with FTC for $1.65B while CFTC charges former CEO with fraud