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 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.” The Federal Deposit … FDIC Issues Crypto-Related Cease and Desist Orders to 5 Companies Including FTX US Exchange Read More » The post FDIC Issues Crypto-Related Cease and Desist Orders to 5 Companies Including FTX US Exchange first appeared on PRP Breaking News and Top Stories.
http://dlvr.it/SWzYs7