On April 28, the SDNY entered a stipulated order permanently banning the former CEO of a cryptocurrency lending platform from advertising, marketing, promoting, offering or distributing any product or service used to deposit, exchange, invest or withdraw assets. The order resolves the FTC’s claims that the former CEO engaged in deceptive and unfair acts or practices in the marketing and sale of cryptocurrency lending and custody services in violation of Section 5 of the FTC Act and obtained customer information through false representations in violation of the GLBA. The former CEO neither admitted nor denied the allegations. In addition to the permanent ban, the order enjoins the defendant from misrepresenting the benefits, costs,…