US FDIC Says OKCoin Made False Statements About Deposit Insurance and Demands Corrections

The US Federal Deposit Insurance Corporation sent a letter to OKCoin USA, Inc., demanding the cryptocurrency exchange take action to address false and misleading statements about its deposit insurance.
The FDIC sent three letters to OKCoin USA, Inc., Bodega Importadora de Pallets and Money Avenue LLC, on Thursday, making those demands, and warning that certain statements could harm consumers. …
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