Voyager Tokens, Accounts Riskier Than Advertised, Investors Say

Voyager Digital Holdings Inc. offered cryptocurrency tokens and investment accounts that underperformed in comparison to their marketing, investors say in a proposed class action against the now-distressed company’s officers and directors.

Crypto exchange FTX US, in funding turmoil of its own in recent days, was on track as recently as mid-October to purchase Voyager.

Shaun Roberts and Ken Sheppard allege they both held Voyager accounts and bought its VGX tokens. Voyager leadership promoted these as profit-earning investments—that is, as securities, they say in their complaint, filed Wednesday in the US District Court for the Southern District of New York.

CEO ...