Other

"CFTC Charges Former Chief Executive Officer of Digital Asset Platform with Fraud in Massive Commodity Pool Scheme"

2023-10-12 [vendor] Stephen Ehrlich lawsuits
Primary Source ↗

Incident Details

Simultaneous civil lawsuits from the Commodity Futures Trading Commission (CFTC) and Federal Trade Commission (FTC) against former CEO of the collapsed Voyager crypto lender accuse him of fraud and making deceptive claims to customers.The FTC lawsuit focuses on Voyager’s claims suggesting to customers that accounts with the lender were FDIC insured. That complaint also names Voyager as a defendant. Voyager settled with the FTC, agreeing to pay a $1.65 billion judgment that will be suspended until customers are repaid.

Technical Details

Initial Attack Vector
Regulatory / legal action
Vendor / Product
Stephen Ehrlich lawsuits

Timeline

  1. 2023-10-12 Breach occurred
  2. 2023-10-12 Publicly disclosed