FTX backtracks on FDIC insurance but fails to delete all references

Following the demands from the FDIC for FTX to cease making misleading statements astir FDIC insurance, FTX CEO Sam Bankman-Fried took to Twitter to undertake situation management. SBF stated that the connection was “getting garbled” regarding actions taken by FTX to region itself from protocols that whitethorn not comply with U.S. sanctions.

To beryllium clear–this is getting garbled. We are perpetually monitoring transactions for AML compliance, and bash enhanced owed diligence connected definite transactions, but that does not mean that immoderate accounts were frozen. https://t.co/FVOGHUa4TJ

— SBF (@SBF_FTX) August 19, 2022

Confusion arose arsenic FTX allegedly froze a user’s relationship for interacting with the Aztec Network, seemingly believing the protocol could beryllium a people for OFAC. SBF’s remarks were made connected a engaged nighttime for FTX aft institution President Brett Harrison deleted a tweet nether FDIC instruction. Harrison further stated that FTX “didn’t mean to mislead anyone.”

Per the FDIC’s acquisition I deleted the tweet. The tweet was written successful effect to questions raised connected twitter regarding whether nonstop USD deposits from employers were held astatine insured banks (i.e. Evolve Bank).

— Brett Harrison (@Brett_FTX) August 19, 2022

However, Harrison did not delete each FDIC security references, arsenic the tweet beneath reveals. Whether the tweet was intentionally near oregon simply missed by the FDIC and FTX is unclear.

Source: Twitter

This is simply a processing story; this nonfiction volition beryllium updated arsenic appropriate.

The station FTX backtracks connected FDIC security but fails to delete each references appeared archetypal connected CryptoSlate.