BlockFi holds uninsured funds worth $227M in Silicon Valley Bank

A recent court filing revealed that BlockFi holds $227M worth of non-FDIC insured funds in an MMMF with Silicon Valley Bank

New York Regulator Investigates Gemini Over FDIC Claims

NYDFS is investigating Gemini over FDIC claims. Gemini claimed its Earn product was FDIC insured, but recent events indicate this claim is untrue.

Top Executives At FTX Respond To FDIC’s Allegations Of ‘False Statements’

Sam Bankman-Fried and Brett Harrison clear the air by pointing out that FTX is not FDIC-insured.

Financial Regulator Issues A Cease-And-Desist Letter To FTX US For "False" Statements

The FDIC recently issued cease and desist letters to five companies, including FTX.US, for false statements.