FTX US among 5 companies to receive cease and desist letters from FDIC

by Aurelia Butler 19 August 2022, 22:20 99 Views

FDIC issued a Friday press release disclosing cease and desist letters for cryptocurrency exchange FTX US and websites SmartAssets, FDICCrypto, Cryptonews and Cryptosec. In the letters, which were issued on Thursday, the government agency alleges that these organizations misled the public about certain cryptocurrency-related products being insured by FDIC.

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Source: Cryptocurrency - investing.com

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FTX US among 5 companies to receive cease and desist letters from FDIC

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