Top executives at crypto exchange giant FTX are responding to allegations of misleading statements from the Federal Deposit Insurance Corporation (FDIC). FTX CEO Sam Bankman-Fried tells his 761,000 Tw...
Tag: FDICs
Ethereum co-founder says every ‘average smallholder’ impacted by Terra’s stablecoin crash should be made whole, cites FDIC’s $250,000 as ‘precedent’
The Terra ecosystem completely unraveled last week, taking much of the cryptocurrency market down with it. Its algorithmic stablecoin TerraUSD (UST) crashed far below its $1 peg, and its sister token ...