The US Federal Trade Commission (FTC) has begun investigation in relation to the management of the bankrupt cryptocurrency broker Voyager Digital for unfair and misleading marketing.
Under investigation, in particular, are employees, directors and officers of the company.
In a statement, the FTC stressed that it does not want the planned sale of the debtor’s assets to Binance.US in any way to limit its investigation, freeing Voyager from financial claims, including those related to wrongdoing.
The broker was one of the creditors of the Three Arrows Capital hedge fund. The latter was unable to repay the debt of 15,250 BTC and 350 million USDC, so in June 2022, Voyager Digital sent him a notice of default.
A month later, the company and its two subsidiaries, Voyager Digital Holdings Inc and Voyager Digital LLC, filed bankruptcy filingindicating total liabilities ranging from $1 billion to $10 billion with about 100,000 customers.
Recall that in December, the American division of Binance offered the highest price for the debtor’s assets – $ 1.002 billion and another $ 20 million as a possible positive revaluation.
Voyager Digital users will be able to get some of their funds back through their Binance.US accounts.
The partners expect the deal to close and payouts to begin in March.
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