FDIC issues cease-and-desist letters to FTX US, other crypto firms over deposit insurance

The Federal Deposit Insurance Corporation (FDIC) said Friday that it has sent cease-and-desist letters to five crypto companies, including FTX US, over alleged misrepresentations regarding deposit insurance. The post FDIC issues cease-and-desist letters to FTX US, other crypto firms over deposit insurance appeared first on The Block.