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Voyager CEO Settles Fraud Charges for $750K Amid Platform Collapse

Voyager CEO Settles Fraud Charges for $750K Amid Platform Collapse

Published:
2025-09-16 18:49:02
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BTCCSquare news:

Stephen Ehrlich, former CEO of Voyager Digital, has agreed to pay $750,000 to settle fraud charges brought by the Commodity Futures Trading Commission (CFTC). The funds will be distributed to defrauded customers through Voyager's ongoing bankruptcy proceedings. Ehrlich is also barred from commodity trading for three years.

Voyager's collapse in 2022 followed risky lending practices, including over $650 million extended to a hedge fund that later defaulted. Customers have recovered approximately 35% of their deposits to date. The CFTC found Ehrlich misrepresented Voyager as a secure platform, falsely assuring users their funds were SAFE even as financial conditions deteriorated.

The settlement marks another chapter in the fallout from Voyager's bankruptcy, which left customers owed more than $1.7 billion. The case underscores the risks of inadequate due diligence in crypto lending and the consequences of misleading investor communications.

|Square

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