US Regulator Probes Bankrupt Crypto Lender Voyager Over Claims of FDIC Insurance – Regulation Bitcoin News

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US Regulator Probes Bankrupt Crypto Lender Voyager Over Claims of FDIC Insurance – Regulation Bitcoin News
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The Federal Deposit Insurance Corporation (FDIC) is probing crypto lender Voyager Digital for claiming to be FDIC-insured. crypto cryptocurrency

The Federal Deposit Insurance Corporation is probing crypto lender Voyager Digital over claims that it is FDIC-insured. The crypto firm previously explained that through its strategic relationships with Metropolitan Commercial Bank, “all customers’ USD held with Voyager is FDIC insured.”The Federal Deposit Insurance Corporation is looking into Voyager Digital Ltd.

While crypto lender Voyager is not an FDIC-insured bank, it claimed to be FDIC-insured through a banking partner. The Voyager team wrote in a blog post back in December 2019:

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