US CFTC requires Voyager Lianchuang to pay $750,000 to fraudulent customers
Source: ForesightNews
Time: 2025-09-16 08:56:39
According to Bloomberg, the U.S. Commodity Futures Trading Commission (CFTC) issued a statement saying that Stephen Ehrlich, co-founder and former head of bankrupt crypto lending platform Voyager, must pay $750,000 to fraudulent customers. A New York federal court consent order shows that Stephen Ehrlich neither acknowledged nor denied the charges and was banned from engaging in commodity trading for three years and subject to other restrictions. Earlich and Voyager in October 2023, the CFTC sued Ehrlich and Voyager for fraudulent operation of digital asset platforms and attracting customers with high returns, but lending billions of dollars in customer assets to high-risk third parties. Stephen Ehrlich said at the time that he was "angry and disappointed" with the charges.