Former Voyager CEO sued for fraud after falsely claiming accounts were insured

Voyager filed for bankruptcy in July 2022 due to volatile crypto prices and Three Arrows Capital bankruptcy.
FTC permanently banning Voyager from handling consumers' assets and suing former CEO Stephen Ehrlich.
Ehrlich accused of fraud for falsely claiming accounts were FDIC insured and taking excessive risks.
Voyager owes over $1.7 billion to U.S. customers who lost access to funds.
FTC fining Voyager $1.65 billion with funds to be used to repay customers.