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Topic: FTX CEO Clarifies Misleading Claims About FTX.US Being FDIC-Insured (Read 79 times)

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Yeah true this. Crypto system would be hard to have a deposit insurance. More or less an FDIC. Anyways some reputable platforms like Earnbet casino have been here from the start without having to fumble!
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Sam Bankman-Fried, CEO of FTX cryptocurrency exchange, came to Twitter on Friday to reply to mistaken claims that the crypto exchange is FDIC insured.

Bankman-Fried has disputed that FTX.US is FDIC insured; nonetheless, he has apologised for any information that may have contributed to allegations of FTX.US being FDIC insured.

In a tweet on August 19, he stated that the banks that partner with FTX are FDIC insured. He also stated that FTX is exploring for methods to use individual accounts to safeguard clients and hopes to collaborate with the FDIC on this.

This tweet was a response to a cease and desist letter to FTX by FDIC that the exchange should stop deceiving users that it is FDIC insured.


Continue Reading:  https://mycryptoparadise.com/ftx-ceo-clarifies-misconstrued-claims-of-ftx-us-being-fdic-insured/
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