Judge signs off on $1.65B settlement between Voyager Digital and FTC
Crypto lending firm Voyager Digital and its affiliates have been ordered by a federal judge to pay $1.65 billion in relief to the United States Federal Trade Commission (FTC). The judge also ordered Voyager to permanently stop marketing or providing services related to digital assets. The company, which has filed for Chapter 11 protection, will initially pay 35.72% of user claims. Additionally, Voyager has been requested to cooperate fully with the FTC, including providing testimony at hearings and reporting on compliance with proceedings. The order followed lawsuits against former Voyager CEO Stephen Ehrlich by the FTC and the U.S. Commodity Futures Trading Commission related to alleged misleading statements about customer funds' use and safety.
