2 entries tagged “ftc”.
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.
Co-founder and CEO of the collapsed crypto lender Voyager Digital. In 2023 the CFTC and FTC sued him for fraud — alleging he falsely marketed Voyager as a 'safe haven' with FDIC-insured deposits. He settled in 2025 (civil), accepting bans and payments.
