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Oct 6 (Reuters) - Investigators at the U.S. Commodity Futures Trading Commission's enforcement division have concluded that the co-founder of Voyager Digital broke derivatives regulations before the failed crypto lender plunged into bankruptcy last year, Bloomberg News reported on Friday. Voyager filed for bankruptcy in July last year, becoming a casualty of a dramatic fall in prices that had shaken the cryptocurrency sector. "CFTC commissioners are now voting on whether to approve an enforcement action against him within days," said the Bloomberg report. The CFTC did not immediately respond to Reuters request for comment, while Ehrlich and his representatives could not be immediately reached. Reporting by Manya Saini in Bengaluru; Editing by Saumyadeb ChakrabartyOur Standards: The Thomson Reuters Trust Principles.
Persons: Stephen Ehrlich, Luna stablecoin, Ehrlich, Manya Saini, Saumyadeb Organizations: U.S . Commodity, Voyager, Bloomberg, CFTC, Thomson Locations: Bengaluru
Rising interest rates will cause further casualties in the crypto space, according to the Peterson Institute's Martin Chorzempa. FTX announced Tuesday it agreed to be taken over by rival exchange Binance, shocking investors. "We can expect a lot more problems to come," Chorzempa told CNBC. "We can expect a lot more problems to come," Chorzempa told CNBC on Wednesday. "When rates come up, a lot of skeletons that have been waiting in the closet in highly-speculative, highly-levered markets tend to come out."
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