FTC alleges Voyager Digital’s former CEO claimed consumers’ deposits were FDIC-insured, but consumers lost more than $1 billion in cryptocurrency when the firm failed
Stephen Ehrlich, the former CEO of crypto platform company Voyager Digital, will pay $2.8 million to resolve the Federal Trade Commission’s charges that he and his company misled consumers. Ehrlich has also agreed to a ban on marketing or selling retail products or services used to buy, sell, deposit, or trade cryptocurrency.