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The CEO and co-founder of Voyager Digital, a bankrupt crypto lender, may face enforcement action by the U.S. Commodity Futures Trading Commission (CFTC) due to allegations of misleading customers. The investigation carried out by the CFTC concluded that Stephen Ehrlich violated derivatives regulations, leading to the company's collapse and subsequent bankruptcy filing. The commission's enforcement division recommended legal action against Ehrlich for deceiving customers regarding the safety of the business' assets. The CFTC commissioners are currently weighing the decision to proceed with the enforcement action. While the commission has not yet pressed charges, it has the authority to impose fines and file criminal charges. Ehrlich expressed surprise and frustration at the potential civil claims, pointing out that Voyager Digital had maintained a collaborative relationship with regulators and operated within their guidelines. The enforcement action, if pursued, could set a significant precedent for accountability and underscore the necessity for robust oversight in the crypto lending industry. The bankruptcy of Voyager Digital, which was part of Sam Bankman-Fried's crypto empire, has been regarded as one of the major events of 2022. The company filed for bankruptcy in July and is currently undergoing bankruptcy proceedings.