The U.S. Federal Reserve (FED) and Federal Deposit Insurance Corp (FDIC) have ordered Voyager Digital to desist from making false and misleading claims about its insurance status to customers.
នៅក្នុងរួមគ្នាមួយ លិខិត sent to the crypto firm on July 28, the regulators said misleading information by Voyager Digital about its funds being covered by FDIC insurance may have influenced customers into investing in them.
A Voyager Twitter post from November 12, 2020, showed it made an announcement stating that USD held with Voyager is FDIC insured up to $250,000.
តើអ្នកបានលឺទេ? USD ដែលកាន់កាប់ជាមួយ Voyager គឺ FDIC ធានារហូតដល់ $250K ។ សុវត្ថិភាពរបស់អតិថិជនគឺជាអាទិភាពចម្បងរបស់យើង។ ចាប់ផ្តើមបង្កើនផលប័ត្រគ្រីបតូរបស់អ្នកនៅថ្ងៃនេះ។
- Voyager (@investvoyager) ខែវិច្ឆិកា 12, 2020
The regulators said:
"ផ្អែកលើព័ត៌មានដែលប្រមូលបានមកទល់ពេលនេះ វាបង្ហាញថាតំណាងទាំងនេះទំនងជាមានការភ័ន្តច្រឡំ ហើយត្រូវបានពឹងផ្អែកលើអតិថិជនដែលបានដាក់មូលនិធិរបស់ពួកគេជាមួយ Voyager ហើយមិនមានលទ្ធភាពទទួលបានមូលនិធិរបស់ពួកគេភ្លាមៗនោះទេ។"
According to the letter, Voyager has a deposit account with Metropolitan Commercial Bank, which is insured, but had no insurance license from the FDIC to offer its customers.
Voyager has been mandated to remove all misleading statements from all relevant touchpoints within two business days. However, they can engage the regulators for further clarifications if they possess any legal proof of FDIC deposit insurance.
Voyager seeking a way out
The cease and desist order from the regulators is the latest in a string of unfortunate events besieging Voyager.
នេះ ការដួលរលំ 3AC caused Voyager to halt customer withdrawals abruptly. A few days later, it filed for ជំពូកទី ១១ ក្ស័យធន។ Voyager is currently seeking intervention from investors to settle its creditors.
Sam Bankman-Fried’s FTX exchange offered to buy all of Voyager’s assets and refund customers following the trouble. However, Voyager បដិសេធ the offer and said it was a “low-ball bid dressed up as a white knight rescue.”
Voyager backed off the FTX deal and said it is working on a restructuring process to return maximum value to its customers and stakeholders.
នៅថ្ងៃទី ៥ ខែកក្កដា ធ្វើឱ្យទាន់សម័យ, Voyager started a voluntary restructuring process that will return funds to customers in crypto and common equity. It disclosed that its crypto asset holding amount to approximately $1.3 billion, plus a 650 លាន $ debt owed by collapsed Three Arrows Capital (3AC).
Source: https://cryptoslate.com/us-watchdogs-order-voyager-digital-to-stop-making-misleading-insurance-claims/