Posted 11/28/2023, 6:11:07 PM
Judge Approves $1.65B Voyager Settlement with FTC Over Allegations of Deceptive Practices
- Judge approves $1.65B settlement between Voyager Digital and FTC over allegations of misleading marketing and misuse of customer funds
- Settlement does not impact Voyager's ongoing bankruptcy proceedings or former CEO's separate case with CFTC
- Voyager ordered to cooperate with FTC and permanently stop offering crypto lending services
- Comes after similar case against Celsius where co-founders charged with misusing assets and misleading marketing
- Shows US regulators cracking down on crypto crime with lawsuits, charges against executives