FDIC

FDIC Issues Crypto-Related Cease-and-Rate to 5 Companies Including FTX US Exchange – Regulation

Leave a Comment / Business / By rawanadnan977

The Federal Deposit Insurance Corporation (FDIC) has sent a strike 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 that FTX US is not FDIC insured.” FDIC orders 5 companies …

FDIC Issues Crypto-Related Cease-and-Rate to 5 Companies Including FTX US Exchange – Regulation Read More »

FTX’s money is not insured, says FDIC

Leave a Comment / Business / By rawanadnan977

The Federal Deposit Insurance Corporation (FDIC) has issued a shutdown order for cryptocurrency exchange FTX, which is owned by Sam Bankman-Fried, over “false and misleading statements” suggesting its assets are FDIC-insured. The FDIC does not cover stocks or cryptocurrencies and only protects funds in insured bank accounts. In a letter to the exchange, the FDIC …

FTX’s money is not insured, says FDIC Read More »

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.

Necessary

Always Enabled

Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.

Cookie	Duration	Description
cookielawinfo-checkbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Functional

Performance

Analytics

Others