- The Federal Deposit Insurance Corporation (FDIC) has sent a cease and desist letter to five companies, including crypto exchange FTX US.
- The letters demand that the five companies and their officers “cease and desist from making false and misleading statements about FDIC deposit insurance”.
- In a follow-up tweet, he stressed: “To be clear, FTX US isn’t FDIC insured”.
FDIC Issues Crypto-Related Cease and Desist Orders to 5 Companies Including FTX US Exchange
