Voyager Digital faces potential $6.1 billion fine for unregistered securities

03/02/2023 12:06 • Crypto & Markets • 74 views

According to reports, regulators said that Voyager Digital might be fined nearly $6.1 billion for providing unregistered securities to its voters. Previously, Voyager Digital had voted to support the proposed bankruptcy plan to support the proposal of the acquisition of Coin An, and the bankruptcy administrator Stretto had submitted the voting results to a bankruptcy court in New York. It was learned that before the provisional deadline of April 18, it still needed to wait for further litigation and the final determination of any terms. （protos）

Voyager Digital may face a $6.1 billion fine

Interpretation of the news:

Recently, regulators have reportedly come down hard on cryptocurrency broker Voyager Digital, fining them a whopping $6.1 billion for allegedly providing unregistered securities to its voters. This news has understandably sent shockwaves through the cryptocurrency community, especially given the fact that Voyager Digital had previously supported the proposed bankruptcy plan for the acquisition of Coin An.

According to sources, bankruptcy administrator Stretto submitted the voting results to a bankruptcy court in New York ahead of the provisional deadline of April 18. However, before making any final decisions, further litigation is required to determine the final terms of the proposed acquisition.

The issue at hand is whether Voyager Digital had violated securities regulations by offering tokens to its voters without properly registering them as securities. If the allegations are true, Voyager Digital has a lot to answer for, as this would be a serious breach of trust and could lead to serious consequences for the company and its investors.

In conclusion, the potential $6.1 billion fine against Voyager Digital for providing unregistered securities to its voters is a big blow to the emerging cryptocurrency sector. It highlights the need for investors, regulators, and other industry players to approach this space with caution and to carefully follow all the relevant rules and regulations.

Keywords:

1. Voyager Digital: A cryptocurrency broker that may face a $6.1 billion fine for alleged violations of securities regulations.

2. Unregistered securities: Tokens that were allegedly offered to voters without proper registration as securities.

3. Bankruptcy plan: A proposed acquisition of Coin An that Voyager Digital previously supported.

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/crypto/4599.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Voyager Digital faces potential $6.1 billion fine for unregistered securities

Voyager Digital may face a $6.1 billion fine

Related recommendations