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ftx may be shut down by the government because of one single tweet yesterday ftx received a cease and desist order by the fdic because they lied to customers saying that the crypto is safe and secure in the event of a bankruptcy which is not true the president of ftx was immediately forced to delete a recent tweet saying otherwise and changed his position saying that your crypto is in fact not safe and insured hereamp;#39;s the tweets per the fdicamp;#39;s instruction i deleted the tweet the tweet was written in response to questions raised on twitter regarding whether direct usd deposits from employers were held at insured banks we really didnamp;#39;t mean to mislead anyone and we didnamp;#39;t suggest the ftx us itself or that crypto non-fia assets benefit from fdic insurance i hope this provides clarity on our intentions happy to work directly with the fdic on these important topics
