⚡ CFTC Targets Voyager's Co-founder Over Alleged Fraud
posted 13 Oct 2023
Former Voyager Digital CEO Steve Ehrlich is facing legal action from the Commodity Futures Trading Commission (CFTC) and the Federal Trade Commission (FTC) for alleged fraudulent activities and customer deception.
The FTC accuses Ehrlich of misleading customers by falsely implying that their funds were protected by the Federal Deposit Insurance Corp. Additionally, the CFTC criticized Voyager Digital for oversight failures that resulted in the apparent loss of billions in client funds.
In a twist to the unfolding events, the CFTC also asserted that both Bitcoin and USDC should be classified as commodities.
The FTC accuses Ehrlich of misleading customers by falsely implying that their funds were protected by the Federal Deposit Insurance Corp. Additionally, the CFTC criticized Voyager Digital for oversight failures that resulted in the apparent loss of billions in client funds.
In a twist to the unfolding events, the CFTC also asserted that both Bitcoin and USDC should be classified as commodities.
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