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3232FDIC Issues Crypto-Related Cease and Desist Orders to 5 Companies Including FTX US Exchange
https://www.digit.info/fdic-issues-crypto-related-cease-and-desist-orders-to-5-companies-including-ftx-us-exchange/
Sun, 21 Aug 2022 00:30:27 +0000https://www.digit.info/2022/08/21/fdic-issues-crypto-related-cease-and-desist-orders-to-5-companies-including-ftx-us-exchange/Read more]]>The Federal Deposit Insurance Corporation (FDIC) has sent a cease and desist letter to five companies, including crypto exchange FTX US. CEO Sam Bankman-Fried explained that FTX does not have FDIC insurance, stating: “We never meant otherwise, and apologize if anyone misinterpreted it … to be clear FTX US isn’t FDIC insured.” FDIC Orders 5 […]
The Federal Deposit Insurance Corporation (FDIC) has sent a cease and desist letter to five companies, including crypto exchange FTX US. CEO Sam Bankman-Fried explained that FTX does not have FDIC insurance, stating: “We never meant otherwise, and apologize if anyone misinterpreted it … to be clear FTX US isn’t FDIC insured.” FDIC Orders 5 […]