FTX US among 5 companies to receive cease and desist letters from FDIC
![FTX US among 5 companies to receive cease and desist letters from FDIC](https://cryptoinvestment.at/wp-content/uploads/2022/08/ftx-us-among-5-companies-to-receive-cease-and-desist-letters-from-fdic.jpg)
The government agency had previously stated that deposits at non-bank entities, including crypto firms, are not covered by FDIC insurance.
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The government agency had previously stated that deposits at non-bank entities, including crypto firms, are not covered by FDIC insurance.