The CFTC of the US orders Voyager's former CEO to pay $750,000 to defrauded customers.

According to Mars Finance, the Commodity Futures Trading Commission (CFTC) announced on Monday that Stephen Ehrlich, the co-founder and former head of the bankrupt encryption lending platform Voyager Digital Ltd., must pay $750,000 to defrauded customers. According to a ruling from the New York federal court, Ehrlich neither admitted nor denied the allegations, and he is banned from engaging in commodity trading for three years, along with other restrictions. CFTC acting director Charles Marvine stated that this settlement highlights its significant role in the digital asset field, with compensating victims and limiting the defendant's future harm capabilities being its core mission. In October 2023, the CFTC sued Ehrlich and Voyager, accusing them of fraudulently operating a digital asset platform, misleading customers by claiming it was a 'safe harbor', and attracting customers with high returns while lending billions of dollars of customer assets to high-risk third parties. Ehrlich expressed that he was 'angry and disappointed' by the allegations at the time. Previously, Ehrlich had reached a settlement regarding related false statements with the Federal Trade Commission (FTC).