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The Daily Hodl
2022-08-20 18:45:01

Financial Regulator Slaps Crypto Exchange FTX US With Cease-and-Desist Letter Over ‘False’ Statements

Financial Regulator Slaps Crypto Exchange FTX US With Cease-and-Desist Letter Over ‘False’ Statements

The Federal Deposit Insurance Corporation (FDIC) is hitting crypto exchange giant FTX.US with a cease-and-desist order over allegedly making false statements. According to a new press release issued by the financial regulator, FTX.US has supposedly made statements that make it appear as if the products they offer are FDIC-insured. The FDIC says that FTX.US president […]The post Financial Regulator Slaps Crypto Exchange FTX US With Cease-and-Desist Letter Over ‘False’ Statements appeared first on The Daily Hodl.

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