US government agency Federal Trade Commission FTC, crypto loan startup that went bankrupt last year Voyager launched a new investigation. FTC, Voyager “deceptively and unfairly marketing cryptocurrencies to the public” accuses.
In the ongoing bankruptcy case of the crypto debt platform, the judge has given approval for the company’s restructuring. The Federal Trade Commission immediately appealed against the decision. FTCopened an investigation against Voyager after its appeal.
In its appeal to the court, the trade commission argued that the restructuring would clear Voyager of fraud, misconduct and negligence charges.
“Some parties involved in bankruptcy proceedings are exempt from claims. We do not accept this. There are serious charges of misrepresentation and false debts.”
The FTC’s involvement in the Voyager case is not the first for US institutions to appeal.
SEC Objected to Binance Purchase
American Securities and Exchange Commission SECbefore Binance objected to the stock exchange’s plan to buy Voyager. Binance.US, the American subsidiary of the crypto exchange, offered $1 billion for the bankrupt crypto startup.
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