The U.S. Commodity Futures Trading Commission (CFTC) has mandated Stephen Ehrlich, former CEO of Voyager Digital Ltd., to pay $750,000 to clients defrauded by the bankrupt crypto lending platform. A New York federal court's consent order also bans Ehrlich from commodity trading for three years. This settlement follows a CFTC lawsuit accusing Ehrlich and Voyager of misleading clients by promoting the platform as a "safe haven" while engaging in high-risk lending practices.
CFTC Acting Director Charles Marvine emphasized the agency's role in protecting digital asset investors and preventing future harm. Ehrlich, who neither admitted nor denied the charges, had previously settled similar allegations with the Federal Trade Commission.
Former Voyager CEO Ordered to Pay $750,000 to Defrauded Clients
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