FTX made an error in messaging when it suggested depositors were insured, but federal regulators will have a hard time proving the exchange did so
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FDIC Issues Crypto-Related Cease and Desist Orders to 5 Companies Including FTX US Exchange
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
Read moreFDIC writes FTX, and four others over misrepresentation
Five companies, their top officials, and their staff have landed in the troubled waters of the Federal Deposit Insurance Corporation (FDIC). The FDIC has warned
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Deposits at non-bank entities, including crypto firms, are not insured — FDIC
The government agency said that while deposits at insured banks were covered for up to $250,000, no such protections applied to those at crypto companies.
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Fed Board, FDIC Order Voyager Digital to Retract Federal Deposit Insurance Claims
Following Voyager Digital’s application for bankruptcy protection during the first week of July, Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board today issued
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FDIC Asks Thousands of Banks to Disclose Crypto Plans
The U.S. Federal Deposit Insurance Corporation (FDIC) has asked thousands of banks and other financial institutions it supervises to declare existing crypto activities and any
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