FDIC Hits FTX.US With Cease-and-Desist Letter

FDIC Hits FTX.US With Cease-and-Desist Letter

Market Analysis
August 22, 2022 by secret
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[ad_1] Key Takeaways The FDIC says FTX.US and its President, Brett Harrison, have made false claims about the exchange’s deposit insurance status. The agency is calling on Harrison and FTX.US to cease-and-desist from making statements implying FTX.US was FDIC-insured. Harrison claims to have quickly complied with the request. Share this article The Federal Deposit Insurance