The risks of investing in the digital currency industry remain high as Fed continues to tighten its policies to counter inflation, while fear spreads among potential investors caused by manipulative platforms.
Voyager at first claimed that it had $350 million at the Metropolitan Commercial Bank, even as it called out the “wolf in sheep’s clothing” that is Sam Bankman-Fried.
The Federal Reserve and FDIC claim that Voyager made "false and misleading statements, directly or by implication, concerning Voyager's deposit insurance status."
The name change is part of PayMaya's launch of its licensed digital lending platform, Maya Bank, and a new mobile app will also be launched as part of the rebrand.
Voyager has announced a deal to acquire Ethos, cementing the wallet and crypto trading relationship the two companies had already created.