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FTC sues bankrupt crypto company Voyager's CEO over false FDIC insurance claims

After settling on Thursday with the Federal Trade Commission (FTC), bankrupt crypto company Voyager is permanently banned from handling consumers' assets. When a bank or financial service is FDIC insured, that means that a customers' funds will be protected even if the bank fails. While Voyager promised customers this vital protection, these claims weren't true, as the FDIC doesn't insure crypto assets at all.
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Source: yahoo.com

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