Section 18(a)(4) of the Federal Deposit Insurance Act (FDI Act) prohibits any person or entity from making false or misleading representations about deposit insurance, using the FDIC’s name or logo in a manner that would imply that an uninsured financial product is insured or guaranteed by the FDIC, or knowingly misrepresenting the extent and manner of deposit insurance. Section 18(a)(4) gives the FDIC authority to investigate such violations and to enforce the prohibition against them.
The FDIC has become aware that the following persons or entities have made false or misleading representations about the existence of deposit insurance, misused the name or logo of the FDIC, or knowingly misrepresented the extent and manner of deposit insurance.
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| Date | Name | City | State | Letter |
|---|---|---|---|---|
| March 18, 2024 | Prizepool | San Mateo | CA | 20240318-Prizepool |
| March 18, 2024 | AmeriStar – Highline Gold | Cheyenne | WY | 20240318-AmeriStar – Highline Gold |
| January 19, 2024 | Atmos | Berkeley | CA | 20240119-Atmos |
| January 19, 2024 | BybitcoinEx, Inc. | 20240119-BybitcoinEx | ||
| January 19, 2024 | OGPay | Blane | WA | 20240119-OGPay |
| January 19, 2024 | Upstream | 20240119-Upstream | ||
| January 19, 2024 | Zil | San Jose | CA | 20240119-Zil |
| August 4, 2023 | Unbanked, Inc.; Daniel Gouldman, Ian Kane | Alpharetta | GA | 20230804-Unbanked |
| June 15, 2023 | Bodega Importadora de Pallets; Joseph Smith Andrade (English Version) | El Paso | TX | 20230615-Bodega Importadora |
| June 15, 2023 | Bodega Importadora De Pallets; Joseph Smith Andrade (Spanish Version) | El Paso | TX | 20230615-Bodega Importadora |
| June 15, 2023 | Money Avenue, LLC; Timothy Wesley Peters | Iselin | NJ | 20230615-Money Avenue |
| June 15, 2023 | OKCoin USA Inc.; Hong Fang | San Francisco | CA | 20230615-OKCOin USA |
| March 24, 2023 | Utoppia Inc.; Stefano Angeli, Martin Zanella | San Francisco | CA | 20230324-Utoppia |
| February 15, 2023 | CEX.IO Corp; Oleksandr Lutskeyvch, Ruslan Gerasko, Victoria Polyakova | Naperville | IL | 20230215-CEX.IO |
| February 15, 2023 | Captainaltcoin.com; Admir Tulic | n/a | n/a | 20230215-Captainaltcoin |
| February 15, 2023 | Banklesstimes.com; Jonathan Merry | London, England | n/a | 20230215-Banklesstimes |
| February 15, 2023 | Zera Financial; Luis Romero | Westminster | CA | 20230215-Zera Financial |
| August 18, 2022 | CH's Service Provider Erie Inc. Corporation; Corey Harris | Erie | PA | 20220818-CH's Service Provider |
| August 18, 2022 | FTX US; Brett Harrison, Dan Friedberg | Chicago | IL | 20220818-FTX US |
| August 18, 2022 | SmartAsset; Michael Corvin | New York | NY | 20220818-SmartAsset |
| August 18, 2022 | Cryptonews.com; News 3.0 Limited | Nassau, Bahamas | n/a | 20220818-Cryptonews |
| August 18, 2022 | Cryptosec.info | n/a | n/a | 20220818-Cryptosec |
| July 28, 2022 | Voyager Digital, LLC; Stephen Ehrlich, David Brosgol | Jersey City | NJ | 20220728-Voyager |