The US Federal Trade Commission (FTC) has announced an investigation into the cryptocurrency trading app Voyager, alleging that the firm, its employees, directors ,and officers are engaged in “deceptive and unfair marketing of cryptocurrency to the public” acts and practices..

According to the FTC's statement, Voyager advertised its commission-free trading platform as offering the "best available prices" for cryptocurrency trades, but in reality, the prices offered were significantly less favorable than those available on other trading platforms. The FTC also alleges that Voyager's marketing materials failed to disclose certain fees and charges associated with the platform, which led some customers to believe that their trades were completely free.

The Federal Trade Commission (FTC) has filed an objection to the debtors' plan in Voyager's bankruptcy proceedings. The FTC argued that some parties involved in the proceedings should not be granted exemption from certain financial claims, specifically debts related to "false representation" and "false pretenses". FTC stated:

“By not excluding, inter alia, false pretenses and false representations, the release can be read to interfere with causes of action by a governmental unit like the FTC. This is impermissible [...] the FTC respectfully requests the Court deny confirmation of the Debtors’ Proposed Plan.”

The FTC's investigation comes amid growing regulatory scrutiny of the cryptocurrency industry, as governments around the world seek to crack down on fraud and abuse in the largely unregulated sector. The outcome of the investigation could have significant implications for Voyager and other cryptocurrency trading platforms, as well as for the wider cryptocurrency market as a whole.

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