The Fed (US Federal Reserve) and FDIC (Deposit Insurance Corporation) have issued a letter stating that Voyager Digital must remove misleading information from its platforms that its assets are insured.
In a statement published on the Fed’s official website on July 28, Fed and FDIC crypto brokerage firm Voyager Digital’s FDIC deposit insurance about the situation false and misleading from making statements to give up and current explanations to remove immediately announced their demands.
Based on the information collected to date, the Fed mislead customers and investors who deposited their savings on Voyager but were unable to access their accounts after access to the funds was stopped. Trust the FDIC insurance statement expressed.
The institution exemplified the objectionable statements published on Voyager platforms as follows:
- Voyager is insured by the FDIC.
- Accounts of customers investing in the Voyager cryptocurrency platform are covered by Voyager’s FDIC insurance.
- The FDIC has insured Voyager customers against Voyager.
In the statements, Voyager’s at Metropolitan Commercial Bank overseen by the board account that but Voyager is not FDIC insured therefore, customers investing through Voyager should be in the event of Voyager’s own failure. not covered by insurance specified.
Fed and FDIC, two working days These statements of Voyager Digital in to remove or that the institution is insured to make an objection demanded. If Voyager objects up to ten business days to present the evidence will have more.
14 July According to the news published in Koin Bulletin on coffeezilla A Youtube researcher named Voyager examined the company’s statements after Voyager’s bankruptcy filing and asked customers about Voyager’s FDIC insurance. misleading statements he had given.