2 years ago
The US Federal Trade Commission (FTC) said it was investigating bankrupt lender Voyager Digital and its executives, according to a Feb. 22 tribunal filing.
The FTC said it was investigating “certain acts and practices” of Voyager that constituted “deceptive and unfair selling of cryptocurrency to the public.”
Due to this reason, the regulator has objected to Binance.US’ planned acquisition of Voyager’s asset, arguing that the merchantability could “interfere with causes of enactment by a governmental portion similar the FTC.”
FTC argued that the projected program would “discharge” Voyager and its employees from claims linked to imaginable fraud.
The fiscal regulator wants the tribunal to exclude sections of the connection that would let the steadfast oregon its employees to spell scot-free.
In December 2022, Binance.US entered a woody to acquire the bankrupt’s steadfast plus for $1.022 billion.
Meanwhile, fiscal regulators similar the U.S. Securities and Exchange Commission (SEC) person objected to the deal. The bankrupt steadfast Alameda besides objected to the agreement.
The station FTC objects to Binance.US-Voyager deal; reveals probe into bankrupt firm appeared archetypal connected CryptoSlate.
English (US) 