Friday, 13 October, 2023

FTC Files Lawsuit Against Bankrupt Crypto Firm Voyager's CEO Over False FDIC Insurance Claims

The Federal Trade Commission (FTC) has initiated legal action against Voyager, a bankrupt cryptocurrency company, and its CEO. The lawsuit alleges that the company made false claims regarding FDIC insurance for crypto assets held on their platform. This case underscores the regulatory challenges in the cryptocurrency space and the need for transparency and accountability in the industry to protect investors.