New Jersey Orders Voyager Digital to 'Cease and Desist' Crypto Interest Offering | Crypto Craft

  • New Jersey Orders Voyager Digital to 'Cease and Desist' Crypto Interest Offering

    From coindesk.com

    Another crypto company is under fire in New Jersey for offering allegedly illegal cryptocurrency interest accounts. • On Tuesday, the state Bureau of Securities ordered Voyager Digital LLC to "cease and desist" its sale of "Voyager Earn Program Accounts." It alleged the popular product, which it said has 1.5 million users and holds $5 billion in assets, was an unregistered security, and therefore illegal. • "The Bureau Chief enters this Order to protect the investing public by halting the offer and sale of these unregistered securities," the order read. While seeking the halting new inflows, the order does not ... (full story)

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Goat
Mar 30, 2022 11:54am
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Quoting cryptocow
{quote} It may be unaudited, but that is what they reported in their quarter ending December 2021 report for their total assets: {image} {image}
Well, if they can't tell the difference between a registered and unregistered security, I'd be shocked if they're GAAP compliant. This smells like a a firm on the cusp of implosion.
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cryptocow
Mar 30, 2022 9:15am
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Quoting Goat
"and holds $5 billion in assets" Surrrre they do.
It may be unaudited, but that is what they reported in their quarter ending December 2021 report for their total assets:
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 219 KB
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Goat
Mar 30, 2022 1:25am
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"and holds $5 billion in assets" Surrrre they do.
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