US regulators are considering imposing penalties on the former CEO of Voyager, a bankrupt cryptocurrency lender

US regulators are considering imposing penalties on the former CEO of Voyager, a bankrupt cryptocurrency lender

The US Commodity Futures Trading Commission’s enforcement division has reportedly found that the co-founder of Voyager Digital violated derivatives regulations before the company’s bankruptcy last year.

Stephen Ehrlich is accused of misleading customers about the safety of their assets, according to sources. Voyager filed for bankruptcy in July 2020 due to a fall in crypto prices that affected the entire sector.

CFTC commissioners are said to be voting on whether to take enforcement action against Ehrlich. The regulator declined to comment.

Learn more: Reuters

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