Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, o...
Tag: FDIC
Senator asks FDIC about allegations it discourages bank relations with crypto companies
Pennsylvania Senator Pat Toomey, ranking member of the United States Senate Banking Committee, has sent a letter to Federal Deposit Insurance Corporation (FDIC) director and acting chairman Martin Gru...
Senator claims the FDIC is stonewalling banks that try to work with crypto
Senator Pat Toomey, R. PA, is calling the Federal Deposit Insurance Corporation to account for its work in crypto. In an August 17 letter to FDIC acting chairman Martin Gruenberg, Toomey says the age...
FDIC Accused of Blocking Crypto Companies’ Access to Banks
Whistleblowers in Senator Pat Toomey’s office have accused the Federal Deposit Insurance Corporation (FDIC) of stifling banks in their efforts to expand on crypto work. Federal regulators may have tak...
FDIC Advises Financial Institutions and the Public On Crypto Assets ⋆ ZyCrypto
Advertisement     Liquidity troubles at the US-based cryptocurrency brokerage firm Digital Voyager led to the suspension of trading activities on its platforms in July...
FED & FDIC Issued Cease And Desist Letter To Voyager Digital
The FDIC and Federal Reserve (FED) jointly issued a cease and desist order urging cryptocurrency lender Voyager Digital to remove false claims that the deposit accounts of its customers are insured by...
Voyager Again in Trouble As FDIC Issued an Advisory to Banks
Crypto entities don’t cowl by FDIC insurance. The U.S. Federal Deposit Insurance Corporation has issued a broad warning to bankers to maintain control of their cryptocurrency partners. They have also ...
FDIC Reiterates That It Does Not Insure Crypto
The Federal Deposit Insurance Corporation (FDIC) issued a new advisory note on July 29 to restate that it does not insure digital assets. The regulator was forced to release this note after Voyager ha...
Crypto company failures not covered by federal insurance, FDIC says
Federal Deposit Insurance Corporation (FDIC) protection does not apply to crypto company failures, according to a new fact sheet released by the agency on Friday. “Some crypto companies have misrepres...
FDIC Releases A Fact Sheet On FDIC Deposit Insured
On July 29, 2022, Federal Deposit Insurance Corporation (FDIC) released a Fact sheet. In the fact sheet, they elaborated on the FDIC deposit insurance coverage against the failure of any crypto firm. ...
Deposits at non-bank entities, including crypto firms, are not insured — FDIC
The United States Federal Deposit Insurance Corporation, or FDIC, has issued an advisory informing the public it “does not insure assets issued by non-bank entities, such as crypto companies.” In a Fr...
FDIC Says Deposits and Cryptos at Non-Bank Entities Are Uninsured
The Federal Deposit Insurance Corporation (FDIC), an independent federal agency insuring deposits in U.S. banks in the event of bank failures, on Friday told American commercial banks to ensure that a...
More Trouble For Voyager, U.S. FDIC Issues Warning To Banks
The U.S. Federal Deposit Insurance Corp (FDIC) has issued an advisory to banks and FDIC-Insured institutions regarding its policies following claims by troubled crypto lender Voyager, that it is FDIC-...
Fed claimed Voyager to evict “false” claims that deposits are FDIC insured
Voyager claims that the company is FDIC- insured Fed neglected the claim and ordered to remove the “false” claims Voyager Digital, a crypto lender has been ordered to evict “wrong and ambiguous” state...
US Fed, FDIC accuse Voyager Digital of ‘false and misleading’ insurance claims
The US Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) issued a joint cease-and-desist letter to crypto firm Voyager Digital over past claims regarding depository insurance. The t...
Fed, FDIC Order Voyager to Stop ‘False and Misleading’ Insurance Claims
U.S. banking regulators from the Federal Reserve and Federal Deposit Insurance Corporation issued a cease and desist order to embattled crypto firm Voyager Digital on Thursday. The agencies accuse Voy...
Voyager Ordered by Fed to Stop Misleading Customers About FDIC Protection
The insolvent crypto brokerage firm Voyager has been contacted by both the Federal Reserve and Federal Deposit Insurance Corporation (FDIC). Both bodies have demanded that the company correct all misl...
Fed demands Voyager remove ‘false’ claims deposits are FDIC insured
Crypto lender Voyager Digital has been directed to remove “false and misleading” statements that its user’s deposit accounts are FDIC insured. In a joint letter written on Thursday by Seth Rosebrock a...
Embattled Crypto Brokerage Voyager Accused of False Insurance Claims by US Fed and FDIC
The US Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) are accusing crypto brokerage firm Voyager Digital of falsely representing its deposit insurance status. In a joint letter, ...
Fed Board, FDIC Order Voyager Digital to Retract Federal Deposit Insurance Claims – Regulation Bitcoin News
Following Voyager Digital’s application for bankruptcy protection during the first week of July, Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board today issued a joint letter ...
Voyager ordered by Fed to remove false FDIC insurance claims
Voyager Digital is a crypto lender that most investors will never forget. US banking authorities have ordered crypto firm Voyager Digital to cease and desist from making “false and misleading” claims....
FDIC Slaps Bankrupt Lender Voyager Over Deposit Insurance Claims
The US financial insurance watchdog has issued a cease and desist letter to Voyager Digital Voyager, a cryptocurrency lender, filed for Chapter 11 bankruptcy earlier this month It’s been 20 days since...
FDIC to Investigate Bankrupt Voyager Digital’s Insurance Claims
The Federal Deposit Insurance Corporation (FDIC) has launched a probe into the bankrupt crypto company Voyager Digital for allegedly deceiving users. FDIC is a consumer protection agency that insures ...
FDIC Insured Claim by Voyager Digital Under Scrutiny Amid Crisis
Defi News Voyager announced its Chapter 11 bankruptcy filing on Wednesday. An insured bank must provide $250,000 in insurance to each of its customers. As confirmed by an FDIC official, Reuters report...
US Regulator Probes Bankrupt Crypto Lender Voyager Over Claims of FDIC Insurance – Coinotizia
The Federal Deposit Insurance Corporation (FDIC) is probing crypto lender Voyager Digital over claims that it is FDIC-insured. The crypto firm previously explained that through its strategic relations...
US Regulator Probes Bankrupt Crypto Lender Voyager Over Claims of FDIC Insurance – Regulation Bitcoin News
The Federal Deposit Insurance Corporation (FDIC) is probing crypto lender Voyager Digital over claims that it is FDIC-insured. The crypto firm previously explained that through its strategic relations...
FDIC reportedly scrutinizing Voyager Digital marketing as complex SBF ties come to light
Some Voyager Digital account holders were surprised when they discovered that their deposits did not have the protection they thought they did after the crypto brokerage and lender filed for bankruptc...
Voyager Digital Under FDIC Scrutiny As It Files For Bankruptcy
Voyager Digital could come under added scrutiny after its marketing came on the radar of the FDIC, reportedly because come customers of the platform did not understand the scope of FDIC protection for...
FDIC Investigates Voyager’s Claims About Customers’ Funds Covered by Deposit Insurance: Report
Shortly after filing for bankruptcy, embattled cryptocurrency brokerage firm Voyager Digital has reportedly come under scrutiny from the U.S. Federal Deposit Insurance Corporation (FDIC) for claiming ...
Despite Voyager’s claims, its bank says FDIC insurance will not protect customer USD deposits from firm’s bankruptcy
On Tuesday night, crypto broker Voyager Digital filed for Chapter 11 bankruptcy in New York. Early Wednesday morning, the firm released a statement downplaying the bankruptcy, calling it a “volu...