Crypto company that raised $5B ordered to stop selling some offerings. It’s not the ‘Wild West,’ N.J. says

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Crypto company that raised $5B ordered to stop selling some offerings. It’s not the ‘Wild West,’, N.J. says

Karin Price Mueller | NJ Advance Media for NJ.com

Voyager Digital Ltd., which also goes by Voyager Digital, LLC and Voyager Digital Holdings, Inc., has been funding its income-generating activities — including lending operations and proprietary trading — at least in part through the sales, which violate state securities law, according to a­­”Today’s action says loud and clear that the cryptocurrency securities market is not the Wild West, and investor-protection laws absolutely apply,” said Acting Attorney General Matthew Platkin.

The state also filed a cease and desist order against Celsius Network LLC In September 2021, in whichthe company unlawfully raised at least $14 billion nationwide with the sale of unregistered securities.

 

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