The U.S. Commodity Futures Trading Commission (CFTC) has determined that Stephen Ehrlich, a co-founder of Voyager Digital, violated derivatives regulations before the company’s bankruptcy last year. The CFTC’s enforcement division has recommended formally accusing Ehrlich of providing customers with misleading information regarding the safety of their assets. Ehrlich has stated that the anticipated lawsuit “angered and perplexed” him and that he looks forward to being vindicated in court. The Federal Trade Commission (FTC) has also reached a settlement agreement with Voyager’s bankruptcy administrator, Paul Hage, regarding the FTC’s allegations that Voyager had provided inaccurate information to its customers regarding the availability of Federal Deposit Insurance Corp. (FDIC) protection. Voyager was one of the largest lenders in the cryptocurrency industry, but it and several other companies operating a similar business model failed last year due to market downturn and several high profile collapses.

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Information	Details
Geography	North America
Countries	🇺🇸 🇨🇦
Sentiment	negative
Relevance Score	8
People	Stephen Ehrlich, Paul Hage
Companies	Federal Deposit Insurance Corp. (FDIC), U.S. Commodity Futures Trading Commission (CFTC), Paul Hage, Federal Trade Commission (FTC), Voyager Digital
Currencies	None
Securities	None