FDIC claims FTX's funds are not protected.
A cease-and-desist order was issued by the Federal Deposit Insurance Corporation (FDIC)
FTX, owned by Sam Bankman, for making false and misleading claims
FDIC-protected assets were claimed.
FDIC coverage does not extend to stocks or cryptocurrencies,
Bank accounts are the only places where money is insured.
FTX President Brett Harrison is quoted by the FDIC in a letter to the exchange
FTX US maintains individual records of direct payments from employers
In a since-deleted tweet, FDIC-insured bank accounts were listed.
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