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Voyager founder Stephen Ehrlich hit with fresh charges
Voyager co-founder Stephen Ehrlich remains in hot waters following the charges filed by the CFTC and the FTC over false claims and failure to register with the Trading Commission.
Voyager co-founder Stephen Ehrlich remains in hot waters following the charges filed by the CFTC and the FTC over false claims and failure to register with the Trading Commission.
Court-appointed liquidator Teneo announced that Su Zhu had been “apprehended at Changi Airport whilst attempting to travel out of Singapore following a committal order granted by the Singapore Courts against him.”
Binance.US said that although they hope to help Voyager, the regulatory environment in the United States had "introduced an unpredictable operating environment impacting the entire American business community."
District Judge Jennifer Rearden granted the government's emergency application for a pause in the sale of Voyager, pending an appeal by the DoJ earlier this month.
The U.S. judge allowing Binance.US to acquire Voyager Digital’s assets may be pushing federal authorities to accelerate criminal and civil actions against the international Binance.
The Securities and Exchange Commission and the New York Department of Financial Services had opposed the deal, the latter alleging Voyager had operated an unlicensed and illegal virtual currency business in New York.
Voyager Digital announced that most of its creditors had voted in favor of its restructuring plan that will see Binance.US acquire around $1 billion in frozen assets.
In a flurry of court filings, New York and federal finance regulators lodged multiple objections to the proposed billion-dollar deal, on the grounds that it could prove discriminatory and unlawful.
As part of a lawsuit against him for promoting Voyager Digital, billionaire entrepreneur and Shark Tank personality Mark Cuban will be deposed in Dallas, Texas, on February 2.
Binance.US will assume control of $1 billion in digital assets frozen last July when Voyager filed for Chapter 11 protection.
Former DoJ prosecutor John Ghose said Binance "did not have a reputation of being a responsible exchange" as authorities look into hedge funds tied to the controversial exchange.
2022 witnessed the dashing dreams of BTC loyalists who called for the price to hit $100k, given their infallible plan to get rich by HODLing, while the Defi crowd got their time in the sun.