U.S. judge signs off on $1.65 billion settlement agreement between Voyager Digital and FTC
A federal judge approved an order on November 28th requiring cryptocurrency lending company Voyager Digital and its affiliates to pay $165 million in settlement to the US Federal Trade Commission (FTC) as part of an agreement. Voyager will be "permanently restrained and prohibited" from marketing or offering products or services related to digital assets.
Under the settlement agreement, all parties related to Voyager must cooperate with FTC officials, including testifying at hearings, trials, and evidentiary disclosures. One year later, Voyager must also report on its compliance and be subject to the commission's supervision.
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