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FDIC issues cease and desist letter to FTX US [pdf]www.fdic.gov/news/press-releases/2022/ftx-harrison-letter.pdf
284 sats \ 4 comments \ @moel 19 Aug 2022 bitcoin
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0 sats \ 0 replies \ @cryptocoin 19 Aug 2022
See also this article about this on CoinDesk:
FDIC Orders Crypto Exchange FTX US, 4 Others to Cease 'Misleading' Claims #60890 https://www.coindesk.com/policy/2022/08/19/fdic-orders-ftx-us-4-other-companies-to-cease-and-desist-misleading-consumers https://archive.ph/eE9Ok
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0 sats \ 0 replies \ @k00b 19 Aug 2022
This looks strictly related to statements they made about insured deposits and not the business itself (which is what I immediately thought).
We hereby demand that you cease and desist, and take immediate corrective action to address these false and misleading statements [regarding FTX US's deposit insurance status].
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0 sats \ 0 replies \ @ThrillerX_ 19 Aug 2022
everything seems fine
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0 sats \ 0 replies \ @itsrealfake 19 Aug 2022
In a tweet that has since been deleted, FTX US President Brett Harrison said that any direct deposits from employers to FTX US would be stored in FDIC-insured bank accounts.
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