The National Basketball Association (NBA) and Mark Cuban, the former owner of the Dallas Mavericks, are now facing a lawsuit over their promotional links with the now-defunct crypto exchange Voyager Digital Holdings Inc., as Bloomberg reports. This legal challenge comes on the heels of Voyager Digital Holdings Inc.’s catastrophic failure, …
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The United States Commodity Futures Trading Commission (CFTC) filed a complaint against former CEO of Voyager Digital, Stephen Ehrlich, alleging that the ex-chief committed fraud and failed to register the bankrupt crypto lender with the agency. In a related development, another US regulatory body, the Federal Trade Commission (FTC), announced …
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The FTC lawsuit accuses the former Voyager CEO of fraud and misleading users, while the CFTC said the firm and CEO took reckless risks. The Federal Trade Commission (FTC) and the United States Commodity Futures Trading Commission (CFTC) have both filed lawsuits against the former CEO of lending platform Voyager. …
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Stephen Ehrlich, the co-founder of Voyager Digital, is reportedly under investigation by the US Commodity Futures Trading Commission (CFTC) for alleged violations of derivatives regulations. Bloomberg has revealed that the CFTC’s enforcement division staff conducted a probe into Ehrlich’s conduct, concluding that he misled customers regarding the safety of their …
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Crypto lender, Voyager Digital, recently gave its investors the green light to begin withdrawing funds, a decision that came almost a year after the lender had suspended withdrawals and filed for Chapter 11 bankruptcy. The announcement took place last month, on June 23. And since the resumption of withdrawals, creditors …
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Voyager and Celsius are forging ahead with their bankruptcy plans but only Voyager seems to be making any crypto transfers. Crypto lending firms Voyager Digital and Celsius Network have both received approvals to begin moving their crypto portfolios around. Both bankrupt lenders are still trying to resolve their bankruptcies in …
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McDermott Will & Emery has submitted a new bill of $5 million to Voyager creditors for the third interim, leading to a total over $16 million. The law firm representing crypto broker Voyager’s group of creditors has filed a bill for $5.1 million for work done from March to May. …
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At the intersection of tech and cryptocurrency news, the Google for Startups Cloud Program has expanded to include 11 blockchain firms. Together, the entities will provide grants, expertise and services to emerging Web3 entrepreneurs. Meanwhile, the United Kingdom government has allocated $125 million in funding for a task force aimed at …
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Voyager Digital, a publicly-traded cryptocurrency brokerage, and Binance US have reached a resolution with the US government and the Unsecured Creditors Committee (UCC) that will allow its bankruptcy plan to move forward. The resolution comes after the US Department of Justice appealed a court order approving Voyager’s bankruptcy plan, which …
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Binance.US is reportedly closer to acquiring Voyager assets after the UCC secured a deal with the US federal government. Voyager Digital Holdings sees its $1 billion deal with Binance.US move closer to actualization following an agreement with the US government. Yesterday, the bankrupt crypto lender sealed a deal with the …
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Since the time of the auction and the bidding process, US regulators have expressed a lack of confidence in the sale of the company to Binance. Judge Jennifer Rearden, a new Federal Judge for the US District Court in New York has temporarily halted the proposed sale of Voyager Digital …
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Over the past 12 months, a sequence of courtroom instances have struck the crypto business. Chapter, liquidity points and fraud have prompted the business to fall beneath the microscope of regulators world wide. The previous cryptocurrency brokerage firm Voyager Digital, Alameda Analysis – the funding arm of FTX- and cryptocurrency …
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