Voyager Digital

2018-01-01

Voyager Digital founded by Stephen Ehrlich, Philip Eytan, Gaspard de Dreuzy, and Oscar Salazar in Jersey City, New Jersey.

2022-03-29

New Jersey Bureau of Securities issues cease-and-desist order against Voyager's interest-bearing Earn Program, alleging it constitutes the sale of unregistered securities.

2022-06-18

Alameda Research, the trading arm of Sam Bankman-Fried, extends a $485 million bailout package to Voyager as the company faces liquidity pressure following the broader crypto market downturn.

2022-06-27

Three Arrows Capital ordered to liquidate by a court in the British Virgin Islands; the hedge fund owes Voyager approximately $650 million.

2022-07-01

Voyager Digital suspends all customer trading, deposits, and withdrawals, citing market conditions and the Three Arrows Capital default.

2022-07-05

Voyager Digital Holdings, Inc. and affiliates file for Chapter 11 bankruptcy protection in the Southern District of New York.

2022-07-28

FDIC and Federal Reserve Board issue joint cease-and-desist letter to Voyager demanding it immediately correct false and misleading representations about FDIC deposit insurance coverage.

2022-09-01

FTX US selected as winning bidder for Voyager's assets at approximately $1.422 billion following a two-week auction process.

2022-11-01

FTX files for bankruptcy and Sam Bankman-Fried is arrested, causing the FTX acquisition of Voyager's assets to collapse.

2022-12-19

Binance.US announces agreement to acquire Voyager's crypto assets and customer deposits for approximately $1.02 billion.

2023-02-23

SEC files formal objection to the Binance.US acquisition, alleging the deal involves the unregistered offer or sale of securities including Voyager's VGX token.

2023-04-25

Binance.US withdraws from the $1.02 billion Voyager acquisition, citing a 'hostile and uncertain regulatory climate in the United States.'

2023-05-17

Bankruptcy Court for the Southern District of New York approves Voyager's Chapter 11 liquidation plan; estimated creditor recovery falls to approximately 35% of claims.

2023-06-01

First in-kind digital asset distribution to Voyager creditors commences; over $490 million of the approximately $627 million available is withdrawn by July 23, 2023.

2023-10-12

FTC and CFTC simultaneously announce enforcement actions against Voyager Digital and former CEO Stephen Ehrlich. FTC reaches $1.65 billion settlement (suspended) with Voyager; CFTC files fraud complaint against Ehrlich alleging commodity pool fraud and registration failures.

2024-07-31

Second distribution to Voyager creditors commences via USD-denominated checks; combined with first distribution, total estimated recovery reaches approximately 70% of allowed claims.

2025-06-27

FTC announces Stephen Ehrlich and his wife agreed to pay $2.8 million and that Ehrlich accepted a ban on marketing or selling retail cryptocurrency products or services.

2025-09-15

CFTC obtains federal court consent order requiring Stephen Ehrlich to pay $750,000 in disgorgement, imposing a three-year commodity trading registration ban, and permanently enjoining him from CEA anti-fraud violations.