{"id":17970,"date":"2023-02-22T20:42:47","date_gmt":"2023-02-22T20:42:47","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/us-federal-trade-commission-investigates-marketing-schemes-of-crypto-firm-voyager-bitcoin-news\/"},"modified":"2023-02-22T20:42:47","modified_gmt":"2023-02-22T20:42:47","slug":"us-federal-trade-commission-investigates-marketing-schemes-of-crypto-firm-voyager-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/us-federal-trade-commission-investigates-marketing-schemes-of-crypto-firm-voyager-bitcoin-news\/","title":{"rendered":"US Federal Trade Commission Investigates Marketing Schemes of Crypto Firm Voyager \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
\n<\/p>\n

\n
\n<\/header>\n
\n\n<\/div>\n

According to a court document filed recently in the Voyager Digital bankruptcy case, the U.S. Federal Trade Commission (FTC) is investigating the marketing of the crypto firm. Like the U.S. Securities and Exchange Commission (SEC), the FTC has objected to Binance US purchasing Voyager\u2019s assets.<\/strong><\/p>\n

FTC\u2019s Objection to Voyager\u2019s Proposed Sale Plan Could Impact Bankruptcy<\/h2>\n

In a filing in bankruptcy court registered on Feb. 22, 2023, the U.S. Federal Trade Commission (FTC) detailed that it is investigating the marketing schemes of the crypto firm Voyager Digital. \u201cThe FTC has commenced an investigation into certain acts and practices of [Voyager] and [the] debtors\u2019 employees, directors, and officers, for their deceptive and unfair marketing of cryptocurrency to the public,\u201d the complaint explains.<\/p>\n

The FTC filing says the proposed sale of the debtor\u2019s assets would interfere with the current probe, which could essentially discharge Voyager and specific staff members from alleged \u201cfraud-related debts held by a governmental unit.\u201d The FTC is not the only government agency investigating Voyager. Texas\u2019s securities regulator and attorney general objected to FTX purchasing Voyager prior to FTX\u2019s collapse.<\/p>\n

The Securities and Exchange Commission (SEC) objected to the proposed acquisition by Binance US. Despite the objection, Voyager received court approval to proceed with the sale. Voyager\u2019s legal representation, Allyson Smith of Kirkland & Ellis, told the court the sale is \u201con track\u201d to proceed. \u201cWe are on track and don\u2019t anticipate any obstacles,\u201d Voyager\u2019s lawyer stressed. However, the latest filing by the FTC insists that the debtors are \u201cnot entitled to a discharge here.\u201d<\/p>\n

\u201cFurther, even if debtors were entitled to a discharge (through operation of consensual releases, for example), the code specifically precludes the discharge of fraud-related debts held by a governmental unit,\u201d the FTC\u2019s objection concludes. \u201cWherefore, for the foregoing reasons, the FTC respectfully requests the court deny confirmation of the debtors\u2019 proposed plan; strike Section VIII.B and D of the proposed plan; or grant any other relief the Court deems just and proper.\u201d<\/p>\n

\n
\nTags in this story
\n<\/h6>\n
Attorney General<\/a>, Bankruptcy<\/a>, Binance.us<\/a>, Code<\/a>, confirmation<\/a>, consensual releases<\/a>, Court<\/a>, Cryptocurrency<\/a>, Cryptocurrency regulation<\/a>, deceptive<\/a>, discharge<\/a>, fraud-related debts<\/a>, ftc<\/a>, ftx<\/a>, governmental unit<\/a>, Investigation<\/a>, Kirkland & Ellis<\/a>, legal representation<\/a>, marketing schemes<\/a>, objection<\/a>, proposed plan<\/a>, Relief<\/a>, sale<\/a>, SEC<\/a>, Staff Members<\/a>, Texas securities regulator<\/a>, US Federal Trade Commission<\/a>, Voyager bankruptcy<\/a>, Voyager Digital<\/a><\/div>\n<\/div>\n

What do you think about the Federal Trade Commission saying it is investigating Voyager Digital\u2019s marketing practices? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

\n
\n\n<\/div>\n
\n
\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

\n
\n
\n<\/a>
\n<\/span>\n<\/p>\n<\/div>\n<\/div>\n

Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

\n

Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

\n