WASHINGTON (Reuters) – A U.S. bank regulator ordered crypto exchange FTX on Friday to halt “false and misleading” claims it had made about whether funds at the company are insured by the government.
The Federal Deposit Insurance Corporation said a July tweet by Brett Harrison, head of FTX’s U.S. operations, contained misleading claims that FTX funds and stocks purchased through FTX were FDIC insured, and ordered the company to remove any misleading language from its social media accounts and websites.
(Reporting by Pete Schroeder; Editing by Chris Reese)
