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FTX pulls back its claims on FDIC insurance but does not remove all references

Sam Bankman-Fried, CEO of FTX, used Twitter to manage the problem after the FDIC requested that FTX stop making false claims about FDIC insurance. Regarding the steps taken by FTX to remove itself from protocols that might not be in compliance with U.S. sanctions, SBF complained that the message was “getting garbled.” Several accounts tweeted on a series of occasions claiming that users of FTX had their accounts frozen. As previously reported on about the legality of the account bans, Sam Bankman-Fried, the CEO of FTX, reacted but did not confirm or deny that any accounts were frozen.

“To be clear–this is getting garbled. We are constantly monitoring transactions for AML compliance and do enhanced due diligence on certain transactions, but that does not mean that any accounts were frozen. “

Confusion erupted when FTX allegedly blocked a user’s access because they thought the Aztec Network protocol would be a target for OFAC. SBF’s comments were made on a busy night for FTX following the FDIC-mandated deletion of a tweet by firm president Brett Harrison. According to Harrison, FTX “didn’t aim to deceive anyone,” he continued. On the other hand, FTX CEO slams Wu blockchain about the frozen accounts by stating: “you also claimed there was a frozen account–that is not my understanding”

Read more at Cryptoshrypto:

Crypto exchange FTX warns customers to not interact with Aztech network over privacy concern



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