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Is FTX 'false and misleading'?

WASHINGTON, Aug 19 (Reuters) - A U.S. bank regulator ordered crypto exchange FTX on Friday to halt what it called "false and misleading" claims the exchange had made about whether funds at the company are insured by the government.

Which cryptocurrencies have been affected by the FTX bankruptcy?

Genesis Global Capital, the Gemini crypto exchange, and BlockFi, a crypto lending platform with significant exposure to FTX , have all been affected by the FTX bankruptcy. The lending unit of cryptocurrency investment bank Genesis suspended redemptions and new loans due to the collapse of FTX on Nov. 16.

Is the FTX debacle a safe haven for crypto investors?

The FTX debacle turned investors onto decentralized exchanges (DEX), where crypto investors have more control over their coin. And where no cowboy tech CEO can commingle customer funds as FTX did, use it as leverage, and gamble it all away. Moving to decentralized exchanges these last two weeks has been the safe haven crypto move.

Is FTX transferring stolen cryptocurrency to other exchanges?

FTX on Sunday warned that cryptocurrency stolen in the final stages of its collapse was being transferred to other exchanges. The allegedly stolen cryptocurrency was worth $270m on Sunday, according to analysts tracking the transactions. FTX asked other exchanges to help to return the assets to the bankruptcy court.

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