3 ms·
How does FDIC insurance play into this?
by LZ_Khan 4y ago
How does FDIC insurance play into this?
- pavlov 4y agoIt doesn’t apply. Crypto investors wanted to be free of pesky regulation, remember.
- dmak 4y agoI think you are missing context. FTX was supposedly FDIC insured until this came out this year: https://www.cnbc.com/2022/08/19/crypto-firm-ftx-receives-cease-and-desist-from-fdic-about-insurance.html https://www.cnbc.com/2022/08/19/crypto-firm-ftx-receives-cea...
- dmak 4y agoIt was never FDIC insured: https://www.cnbc.com/2022/08/19/crypto-firm-ftx-receives-cease-and-desist-from-fdic-about-insurance.html https://www.cnbc.com/2022/08/19/crypto-firm-ftx-receives-cea...