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Economic news

Crypto exchange FTX ordered to halt ‘false and misleading’ claims by U.S. bank regulator

08/19/2022

Less than a minute

2022.08.19 21:38

Crypto exchange FTX ordered to halt 'false and misleading' claims by U.S. bank regulator — Crypto exchange FTX ordered to halt ‘false and misleading’ claims by U.S. bank regulator

Budrigannews.com – A U.S. bank regulator ordered crypto exchange FTX on Friday to halt “false and misleading” claims it had made about whether funds at the company are insured by the government.

The Federal Deposit Insurance Corporation said a July tweet by Brett Harrison, head of FTX’s U.S. operations, contained misleading claims that FTX funds and stocks purchased through FTX were FDIC insured, and ordered the company to remove any misleading language from its social media accounts and websites.

Source

08/19/2022

Less than a minute