Former Voyager Digital CEO to face legal action?

According to Bloombergthe U.S. regulator CFTC concluded thatformer CEO of the bankrupt platform Voyager Digital had violated the rules on derivative products.

This Friday, Bloomberg reports that Stephen Ehrlichthe co-founder and former CEO of the crypto platform Voyager Digitalcould soon be the subject of a complaint by the Commodity Futures Trading Commission.

According to the news agency, quoting people close to the case, investigators from the CFTC concluded that Ehrlich had violated derivatives regulations before his company filed for bankruptcy, and recommended prosecution.

CFTC commissioners are currently conferring and may decide to pursue the Voyager chief in the coming days, sources said.

Ehrlich said he was “angry and perplexed” by the anticipated prosecution by the US federal office, calling it unfounded.

Voyager Digital filed for bankruptcy in July 2022 in the wake of falling cryptocurrency prices. The platform was then initially acquired by FTX, which subsequently filed for bankruptcy itself, and then by Binance, which preferred to abandon the deal due to the “hostile” regulatory climate in the US.

Read:  Bankrupt miner Core Scientific mined 13,762 bitcoins in 2023

Last May, in the absence of a buyer, the team in charge of the bankruptcy proceedings announced the self-liquidation of the company’s assets and the cessation of its operations.

To keep abreast of Crypto and Web3 news, visit on TwitterLinkedin, Google, Facebook and Telegram

The Best Online Bookmakers June 19 2024

BetMGM Casino

BetMGM Casino