Voyager Digital
A U.S. crypto brokerage that froze withdrawals and filed for bankruptcy in July 2022. The FTC charged the company and former CEO Stephen Ehrlich with falsely telling customers their deposits were FDIC-insured; the company settled for a suspended $1.65B judgment.
Also known as: Voyager Digital, Stephen Ehrlich
Summary
Voyager Digital was a publicly listed U.S. cryptocurrency brokerage that halted customer withdrawals and filed for Chapter 11 bankruptcy in July 2022, following the collapse of Three Arrows Capital, to which it had significant loan exposure. [1][2]
FTC action
In October 2023 the Federal Trade Commission charged Voyager and former CEO Stephen Ehrlich, alleging they falsely claimed customer deposits were insured by the Federal Deposit Insurance Corporation (FDIC) and were "safe". Voyager's entities agreed to a $1.65 billion judgment (suspended) and a permanent ban from handling consumers' assets; the FTC pursued claims against Ehrlich, and the CFTC filed a parallel case. [1][2]
Note
Voyager's deposits were not FDIC-insured; the FDIC had earlier sent a cease-and-desist over the representations. [1]
Bracketed numbers refer to the numbered sources listed below.
People & entities involved
Sources (2)
- FTC Takes Action Against Crypto Company Voyager and its Former CEO — U.S. FTC
- Voyager Digital (overview) — Wikipedia
See also
- Loci (LOCIcoin)TokensA 2017–2018 ICO for 'LOCIcoin' tied to the InnVenn IP-search platform. The SEC charged Loci and CEO John Wise with fraud for raising $7.6M on false claims about revenue, headcount, and user base; Wise also misused investor funds. Settled with a $7.6M penalty and an officer/director bar.
- Blockchain Terminal (BCT)TokensA 2017–2018 ICO (BCT tokens, ~$30M) for a 'Blockchain Terminal' — a Bloomberg-style crypto trading terminal. The SEC and DOJ said convicted ex-hedge-funder Boaz Manor secretly ran it under a fake identity ('Shaun MacDonald'), using associate Edith Pardo as a front, and lied about the product's adoption.
- Crowd Machine (CMCT)Tokens
This page was last updated on Jun 8, 2026. View revision history.