Yugocean
Valued Contributor
Various crypto exchanges are pushing for their promotion, so they are also giving false information. When this mistake is caught, they are also pulled up.
The FTX exchange was also caught in a blunder for its promotion in the US when the exchange's president, Brett Harrison, claimed that direct deposits from employers to FTX US were held in the names of users in personally FDIC-insured and SIPC-insured brokerage accounts.
This was complete misinformation. FTX has been getting dragged into this since July. Although the relevant tweet by Harrison has been deleted, FTX is receiving warnings from US agencies. The matter can also go to court at anytime: however Federal reserve still needs proof against exchange to prove that the deleted tweet has a wrong motive.
Harrison's handling of FTX in May 2021 has brought FTX to its better position in the US, making FTX comparable to giants such as Coinbase, so owner SBF is less likely to take any action against Harrison.
The FTX exchange was also caught in a blunder for its promotion in the US when the exchange's president, Brett Harrison, claimed that direct deposits from employers to FTX US were held in the names of users in personally FDIC-insured and SIPC-insured brokerage accounts.
This was complete misinformation. FTX has been getting dragged into this since July. Although the relevant tweet by Harrison has been deleted, FTX is receiving warnings from US agencies. The matter can also go to court at anytime: however Federal reserve still needs proof against exchange to prove that the deleted tweet has a wrong motive.
Harrison's handling of FTX in May 2021 has brought FTX to its better position in the US, making FTX comparable to giants such as Coinbase, so owner SBF is less likely to take any action against Harrison.
