Post by: newshunter on August 01, 2022, 01:00:25 PM
The government agency said that while deposits at insured banks were covered for up to $250,000, no such protections applied to those at crypto companies.
Source: Deposits at non-bank entities, including crypto firms, are not insured — FDIC (https://cointelegraph.com/news/deposits-at-non-bank-entities-including-crypto-firms-are-not-insured-fdic)
Would appreciate your opinion about this