fed and FDIC They sent a letter to Voyager Digital, requesting to provide a complete list of all applications related to government deposit insurance of a crypto broker within 10 days.
Seth Rosebrock from the two agencies and Jason Gonzalez also urged management to submit written confirmation of compliance with regulator’s requirements within two business days.
They reserved the right to take additional steps if they saw fit.
“These notices [о защите депозитов] is false and misleading. Based on the information we have to date, it has been trusted by customers who placed their funds on Voyager and lost direct access to them.” the letter says.
Cryptobroker posted the following words on its website, mobile app and social networks:
- Voyager is part of the FDIC deposit insurance system;
- Customers investing in the Voyager cryptocurrency platform will be covered by federal corporate insurance for all funds made available to the crypto broker;
- The FDIC will insure customers against Voyager’s bankruptcy.
The Voyager website says that client fiat funds are held at the Metropolitan Commercial Bank, which is part of the FDIC system. Funds up to $250,000 are insured.
The Metropolitan Commercial Bank website says the bank maintains “an omnibus account dedicated to Voyager customers.” The assets on it are insured by a federal corporation, but the collateral is available “for bankruptcy protection only” by the credit institution.
Recall that the work of Voyager Digital’s FDIC activities became known on July 8.
On July 5, cryptocurrency broker Voyager Digital filed for bankruptcy in a New York court. The company’s estimated liabilities range from $1 billion to $10 billion with nearly 100,000 customers.
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Source: Fork Log
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