U.S. regulators issued a joint letter ordering bankrupt cryptocurrency broker and lender Voyager Digital Ltd. to cease and desist from marketing itself as insured by the Federal Deposit Insurance Corp., saying statements on its website and elsewhere were false and misleading.
The joint letter released Thursday, from the Federal Reserve and FDIC, said the company’s statements “likely misled and were relied upon by customers who placed their funds with Voyager and do not have immediate access to their funds.”
Source: Bankrupt Crypto Brokerage Voyager Ordered to Cease False Promises About U.S. Banking Insurance – WSJ
