Market Cap: $2,608,695,458,692
24h Vol: $88,167,737,863
Cryptocurrencies: 30041
Markets: 114355
Cryptocurrencies: 30041
Markets: 114355
Market Cap: $2,608,695,458,692     
24h Vol: $88,167,737,863
Seeking Alpha 2023-02-22 15:13:33

Voyager Digital faces FTC probe over 'deceptive and unfair' crypto marketing

Voyager Digital faces FTC probe over 'deceptive and unfair' crypto marketing
The U.S. Federal Trade Commission is investigating bankrupt cryptocurrency lending platform Voyager Digital ( OTCPK:VYGVQ ) and its management for allegedly "deceptive and unfair" marketing of crypto to the public, according to a Wednesday legal filing. In addition, the FTC argued that Voyager's ( OTCPK:VYGVQ ) recently proposed plan for its $1B asset sale to crypto exchange Binance.US would release the former from potentially fraud-related financial claims. “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,” the filing said. "This is impermissible. Accordingly, the Court should deny entry of the release and injunctions." Previously, (Jan. 5) the U.S. Securities and Exchange Commission made a fuss about the Binance.US-Voyager deal, citing an inadequate disclosure statement .
esptco-banner img
Latest News

Videos

  • The Metaverse to Replace the Real World!

  • Spot Trading vs P2P Trading!

  • What are NFTs? How will it change the way we use things? Simply Explained!

  • Tether USDT Coin : What It Is & What You Can Do With It? Simply Explained!

Our Partners

Hashing Ad Space
Inbound Junction
Magic Logix
Asimi
Crypto Marketing Agency, FINPR
Chainwire