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1.0Science and Nerdshttps://scienceandnerds.comadminhttps://scienceandnerds.com/author/admin/FTX’s money isn’t insured, FDIC says - Science and Nerdsrich600338<blockquote class="wp-embedded-content" data-secret="AiWBVLRHCe"><a href="https://scienceandnerds.com/2022/08/21/ftxs-money-isnt-insured-fdic-says/">FTX’s money isn’t insured, FDIC says</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://scienceandnerds.com/2022/08/21/ftxs-money-isnt-insured-fdic-says/embed/#?secret=AiWBVLRHCe" width="600" height="338" title="“FTX’s money isn’t insured, FDIC says” — Science and Nerds" data-secret="AiWBVLRHCe" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script>
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https://scienceandnerds.com/wp-content/uploads/2022/08/ftxs-money-isnt-insured-fdic-says_63024cb3297a2.jpeg1200628Source: The Federal Deposit Insurance Corporation (FDIC) slapped the Sam Bankman-Fried-owned cryptocurrency exchange FTX with a cease-and-desist order over “false and misleading statements” that suggest its assets are FDIC-insured. The FDIC doesn’t cover stocks or crypto, and only safeguards funds held in insured bank accounts. In a letter to the exchange, the FDIC points to […]