The bankrupt crypto brokerage Voyager Digital, co-founder Stephen Ehrlich, may face CFTC enforcement action for alleged derivatives rule violations amid a probe into the crypto lender’s bankruptcy, as reported by Bloomberg.
The enforcement division of the CFTC has proposed taking action against charges to Ehrlich, for cheating the citizens that their assets were safe. Currently, the CFTC commissioners are voting on whether to approve this action.
Ehrlich has expressed his frustration with the civil claims, stating, “These allegations appear to be one of those times where the referees are making new rules and calling foul after the game has ended. I look forward to being vindicated in court.”
Ehrlich’s response reflects concerns that regulatory actions might retroactively change the rules, raising questions about fairness and clarity in the crypto industry.
Also Read: Voyager Digital’s $250M Net Outflow As User Withdrawal Begin
