/biz/ - Business & Finance

>>50998802
With Jews you cruise. I'm ridin with Biden and the gang

>>50998802
It means it's working

>>50998802
delete this post right now
I was told that FTX is safe

>>50998802
With Jews you ______

>>50998802
RE: Potential Violations of Section 18(a)(4) of the Federal Deposit Insurance Act
...

It appears that on July 20, 2022, Mr. Harrison published a tweet on the Twitter account, “@Brett_FTX,” which
stated, among other things, “direct deposits from employers to FTX US are stored in individually FDIC-insured
bank accounts in the users’ names,” and “stocks are held in FDIC-insured and SIPC-insured brokerage
accounts.” FTX is also identified as an “FDIC-insured” cryptocurrency exchange on the SmartAsset website,
https://smartasset.com/investing/list-of-fdic-insured-cryptocurrency-exchanges, and the CryptoSec.Info

website, https://cryptosec.info/fdic..

These statements appear to contain false and misleading representations that uninsured products are insured
by the FDIC, as well as false and misleading statements about the extent and manner of protection provided by
FDIC deposit insurance and misuse the FDIC’s name. These false and misleading statements represent or imply
that FTX US is FDIC-insured, that funds deposited with FTX US are placed, and at all times remain, in accounts at
unnamed FDIC-insured banks, that brokerage accounts at FTX US are FDIC-insured, and that FDIC insurance is
available for cryptocurrency or stocks.

In fact, FTX US is not FDIC-insured, the FDIC does not insure any
brokerage accounts, and FDIC insurance does not cover stocks or cryptocurrency. The FDIC only insures
deposits held in insured banks and savings associations (insured institutions), and FDIC insurance only protects
against losses caused by the failure of insured institutions. Accordingly, these statements are likely to mislead,
and potentially harm consumers.

>>50998902
Choose from over 100 supported trading pairs

>>50998948
Additionally, the statement regarding the direct deposit of funds into “individually FDIC-insured bank accounts”
fails to identify the bank(s) with which FTX has a direct or indirect relationship for the placement of deposits and
into which such consumers’ funds may be deposited. Failure to identify the insured bank(s) into which
customers’ funds will be deposited is deemed a material omission pursuant to 12 C.F.R. 328.102(b)(5).

Based on the information available to the FDIC, it appears that these statements regarding deposit insurance
violate Section 18(a)(4) of the FDI Act and Part 328. Consequently, the FDIC hereby demands the following
corrective action:

1. You shall immediately remove any and all statements, representations, or references that suggest in
any way, explicitly or implicitly, that: (a) FTX US is FDIC-insured; (b) any FTX US brokerage accounts are
FDIC-insured; (c) any funds held in cryptocurrency or other financial products such as stocks, bonds,
money market mutual funds, other types of securities or commodities are or can be protected by FDIC
insurance; or (d) FDIC insurance provides protection or coverage in any manner or extent other than
those set forth in the FDI Act from the Twitter account “@Brett_FTX,” as well as any websites (including
any pop-ups, hyperlinks, or chatbots), and any other Twitter and any other social media platforms
(including both corporate accounts and personal accounts of senior management of FTX US), mobile
app, online outlet, and any other form (electronic or hard copy) of marketing, advertising or other
consumer-facing publication or materials of any kind that you control.

>>50998962
2. You shall cease and desist from making any statements, representations, or references, directly or
through your owners, officers, directors, or employees, that suggest in any way, explicitly or implicitly,
that: (a) FTX US is FDIC-insured; (b) any FTX US brokerage accounts are FDIC-insured; (c) any funds held
in cryptocurrency or other financial products such as stocks, bonds, money market mutual funds, other
types of securities or commodities are or can be protected by FDIC insurance; or (d) FDIC insurance
provides protection or coverage in any manner or extent other than those set forth in the FDI Act.

3. Within fifteen (15) business days of receipt of this letter, you shall provide written confirmation to the
FDIC that FTX US has fully complied with the requests set forth above. Such confirmation shall detail all
efforts that were undertaken to comply with this letter, including all efforts to identify and locate all
misrepresentations and the scope of the removal of such material.

If you believe that the statements that FTX US has made, individually or through its owners, officers, or directors,
regarding the availability of FDIC deposit insurance are true and accurate, please provide a full listing of all such
statements about deposit insurance on any medium or platform, together with information and documentation
supporting the accuracy of all such statements, not later than fifteen (15) days from the date of this letter.

Failure to respond to this letter may result in the FDIC taking appropriate action as authorized by the Federal
Deposit Insurance Act and any other applicable law or regulation.

bankman is going to prison

>>50998948
>RE: Potential Violations of Section 18(a)(4) of the Federal Deposit Insurance Act
...

>It appears that on July 20, 2022, Mr. Harrison published a tweet on the Twitter account, “@Brett_FTX,” which
stated, among other things, “direct deposits from employers to FTX US are stored in individually FDIC-insured
bank accounts in the users’ names,” and “stocks are held in FDIC-insured and SIPC-insured brokerage
accounts.” FTX is also identified as an “FDIC-insured” cryptocurrency exchange on the SmartAsset website,
https://smartasset.com/investing/list-of-fdic-insured-cryptocurrency-exchanges, and the CryptoSec.Info

>website, https://cryptosec.info/fdic..

>These statements appear to contain false and misleading representations that uninsured products are insured
by the FDIC, as well as false and misleading statements about the extent and manner of protection provided by
FDIC deposit insurance and misuse the FDIC’s name. These false and misleading statements represent or imply
that FTX US is FDIC-insured, that funds deposited with FTX US are placed, and at all times remain, in accounts at
unnamed FDIC-insured banks, that brokerage accounts at FTX US are FDIC-insured, and that FDIC insurance is
available for cryptocurrency or stocks.

>In fact, FTX US is not FDIC-insured, the FDIC does not insure any
brokerage accounts, and FDIC insurance does not cover stocks or cryptocurrency. The FDIC only insures
deposits held in insured banks and savings associations (insured institutions), and FDIC insurance only protects
against losses caused by the failure of insured institutions. Accordingly, these statements are likely to mislead,
and potentially harm consumers.

>>50998997
>In fact, FTX US is not FDIC-insured, the FDIC does not insure any brokerage accounts, and FDIC insurance does not cover stocks or cryptocurrency. The FDIC only insures deposits held in insured banks and savings associations (insured institutions), and FDIC insurance only protects against losses caused by the failure of insured institutions. Accordingly, these statements are likely to mislead, and potentially harm consumers.

this is fake right? can you post a real source, like a tweet?

>>50999048
>https://www.fdic.gov/
>this is fake right? can you post a real source, like a tweet?

>>50998802
How long till the fat jew scammer gets a boat ride?

>>50998984
>You shall cease and desist from making any statements, representations, or references
>statements
>not operation
nothingburger. OP is a faggot clickbaiter

>>50998802
Someone is going to send brettharrison.eth tornado cash and really kick this up a notch

>>50998802
is there a fine too or just a warning?

>>50999074
i should probably close my long right?

>>50999140
you should probably put all of your cash into deenz

>>50999074
It's fake, just like the fake Tether letter, fudders are making fake letters and shorting, they will be caught.

This scammer really tried to "funds are safu" by saying that they are insured by the fucking FDIC? Hahahhaaha

CZ wins again. It's that simple

>>50999194
it's from an official government website it's not fake.

>>50999194
>It's fake, there was a Raspberry Pineapple behind my TV which intercepted my wi-fi and uploaded this file

>exomaniac Jew is a liar
Wow who could have seen this coming!

>>50999398
Wow Craig is so skilled with katana, I'm sure he is Satoshi Nakamura

>>50999398

What physiognomy is this Mr. Harrison?

>>50998802
those whores were eyeing his favorite snack, the cucumber, which he had stashed in his pocket, for the photo shoot later on that day

>>50998802
money and power are the ultimate aphrodisiacs.

>>50998802

I despise this cunt with every fibre of my being. Kike rats deserve to watch their children raped by dogs and set on fire in front of them

>>50998802
SBF was the fall guy all along. I knew this shit was coming. Ever since robinhood told him to fuck off and blackrock recruited coinbase. Blackrock is going to decimate FTX LMAO. BTC will dump hard, but whatever you do, DON'T SELL. invest in Coinbase and BTC

OH NO NO NO, THIS CANT BE HAPPENING TO THE MOST GENEROUS BILLONAIRE!!!

>>50998802
I wonder if those ladies have pretty feet.

>>50998802
If they finally go after bankman for his scams it will be a great day in crypto. But hes their chosen pet so doubt it.

>>50998888
FTX is a gambling casino
The only thing they can insure and assure is that they will use Alameda to liquidate you