• Voyager claims that the company is FDIC- insured
• Fed neglected the claim and ordered to remove the “false” claims

Voyager Digital, a crypto lender has been ordered to evict “wrong and ambiguous” statements that its user’s deposit accounts are FDIC insured.

On July 28, Seth Rosebrockfrom and Jason Gonzalez, Assistant General Counsel at the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) wrote a joint letter to Voyager Digital in which they stated that the portrayal is probably bluffed and was dependent upon the clients who kept their funds with the company and currently they have no access to it.

“These portrayals are wrong and bluffed and, based on the facts and details we have to date, it looks like that the portrayals are probably bluffed and were dependent upon by clients who kept their funds with the company and currently can not access it.”

The Fed and FDIC claim that the company has made many portrayals online on its website, mobile application, and social media platforms which indicated that it was:

“Our company is FDIC-insured; (2) The clients who will invest in our cryptocurrency company will be benefited as the insurance will cover all types of fund which is given to, kept in, or with the company (3) the insurance will also help if the company is filed for bankruptcy.”

Voyager filed for bankruptcy

In the letter, the authors ordered the company to give a written confirmation of its agreement with the director’s requests within two working...

Read Full Story: https://www.thecoinrepublic.com/2022/07/30/fed-claimed-voyager-to-evict-false...