Stop Lying to Customers, Fed and FDIC Order Voyager

Key Takeaways

  • The Federal Reserve and Federal Deposit Insurance Corporation sent a cease and desist order to Voyager Digital Thursday. It ordered the crypto lender to stop misleading its customers and remove all references about being insured by the government.
  • According to the agencies, Voyager shared “false and misleading” claims and references about being FDIC-insured on multiple occasions.
  • The regulators also gave Voyager two days to reply with a letter outlining all the steps the firm has taken to comply with the order.

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