Voyager Digital is being investigated by the FTC for deceptive and unfair marketing of cryptocurrency to the public. This investigation is in parallel to the company's bankruptcy proceedings.
in which Voyager debtors would sell the firm’s assets to Binance.US for more than $1 billion.
According to the FTC filing — an objection to the debtors’ plan — the commission argued some of the parties involved in Voyager’s bankruptcy proceedings should not be exempt from certain financial claims, “including debts for ‘false representation,’ and ‘false pretenses’”: “By not excluding, inter alia, false pretenses and false representations, the release can be read to interfere with causes of action by a governmental unit like the FTC. This is impermissible [...] the FTC respectfully requests the Court deny confirmation of the Debtors’ Proposed Plan.”analysis shows that cryptocurrency scams are proliferating, with about 1 out of every 4 dollars reported lost to fraud paid in cryptocurrency.
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