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FDIC warns CEX.IO and its reviewers to remove potentially false claims about insurance

bossFebruary 15, 2023 Exchanges, News

The United States Federal Deposit Insurance Corporation (FDIC) has sent a letter to executives of cryptocurrency exchange CEX.IO warning them that they are potentially in violation of federal law due to false and misleading statements about the exchange’s insurance status. The agency has given the exchange 15 days to make

FDIC Tells Crypto Exchange CEX.IO to Stop Claiming US Dollars Held in Its Wallets Are Insured

bossFebruary 15, 2023 ICO

The agency said that a section of CEX.IO’s website inaccurately states that “U.S. dollars held in your CEX.IO fiat currency wallet are FDIC-insured up to $250,000 per account.” But the FDIC noted in its letter that “no qualifications, clarifications, or limitations are made in connection with this representation, and no

CEX.IO Claiming Crypto Dollars Exchange FDIC Held Insured Stop Tells Wallets Read More

CEX.IO

FDIC warns CEX.IO and its reviewers to remove potentially false claims about insurance

FDIC Tells Crypto Exchange CEX.IO to Stop Claiming US Dollars Held in Its Wallets Are Insured

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