Texas authorities object to Voyager's disclosure statement in its current form
The Texas state authorities, SSB and DOB, argued that Voyager fails to explain the methodology used to calculate the average coin prices, among others. The Texas State Securities Board (SSB) and the Texas Department of Banking (DOB) raised an objection in court against Voyager Digital’s disclosure statement, questioning the various methodologies and calculations used to estimate the fair market value of the bankrupt exchange’s crypto assets.In a pleading filed with the United States Bankruptcy Court for the Southern District of New York, the attorneys for the SSB and DOB objected to the....
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Regulators from the state of Texas and the state’s attorney general are objecting to FTX purchasing Voyager Digital, as the state’s securities commissioner needs to “determine whether FTX US is complying with the law.” Texas State Securities Board, Department of Banking, and Attorney General File Objection Against FTX Buying Voyager Digital According to a bankruptcy court document filed on October 14, 2022, the Texas State Securities Board (SSB), the Texas Department of Banking, and the Texas attorney general are objecting to FTX’s solicitation of Voyager Digital. FTX, the exchange led by....
The Texas State Securities Board enforcement director downloaded an FTX Trading app – not an FTX US app – in Texas using his own information and was able to earn interest on it. The Texas State Securities Board (SSB) and the Texas Department of Banking (DOB) filed a supplemental declaration Oct. 14 in the Voyager Digital case in which it stated that the SSB is investigating FTX Trading, FTX US and their principals, including co-founder and CEO Sam Bankman-Fried, for allegedly offering unregistered securities in the United States. FTX US won the auction for the remaining Voyager Digital....
Security regulators in Texas and Alabama have intensified investigations into crypto lender Voyager following the recent slump witnessed by the platform. Soon after the information emerged regarding the loans and the credit status of the borrowers, regulators expanded the investigation into the collapsed crypto lender platform. Not just Voyager, even Celsius Network Ltd which also […]
Some Voyager Digital customers did not understand the scope of FDIC protection for their deposits, leading to questions about the firm’s marketing. Some Voyager Digital account holders were surprised when they discovered that their deposits did not have the protection they thought they did after the crypto brokerage and lender filed for bankruptcy Tuesday. This could mean additional consequences for Voyager Digital. Voyager Digital filed for bankruptcy under Chapter 11, citing debts of up to $10 billion to 100,000 creditors in a crisis brought on after Singaporean hedge fund Three Arrows....
Bitcoin and politics. You'd think the two didn't mix, but for politicians looking to win an election, it's just another way to bring in the funding. Texas Attorney General Greg Abbott will be accepting bitcoin for his run for Texas Governor, his campaign has announced. "I am excited to see our campaign add another tool to our cutting digital outreach, which is allowing us to reach more Texans than any previous campaign in the state," said Abbott in a statement. "The spirit of Bitcoin embodies the free market principles that make Texas a leader in innovation and entrepreneurship," he added.....