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When a bank or financial service is FDIC insured, that means that a customer
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s ; funds will be protected even if the bank fails. While Voyager promised customers this vital protection, these claims weren ;t true, as the FDIC doesn ;t insure crypto assets at all. When the company failed, consumers lost access to significant
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assets they had saved, including ongoing salary deposits, college tuition funds, and down payments for homes, the FTC explained in a statement. Voyager customers were unable to access their cash accounts for over a month, and more than $1 billion was lost in crypto assets.Voyager filed for bankruptcy in July 2022, citing volatile crypto prices and the bankruptcy of Three Arrows Capital 3AC , a crypto hedge fund that owed Voyager $650 million.As part of the settlement, the FTC is fining Voyager $1.65 billion, but the fine is
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suspended so that the defunct company can use that money to pay back customers instead. In a parallel filing, Nfwh Google announcesDataset Searchto help scientists and journalists tell stories
The decision came after careful consideration of the CDC ;
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s updated guidelines, and in light of current conditions, a spokesperson said. Twitter has made the decision to close our opened offices in New York and San Francisco as well as pause future office reopenings, effective immediately. We re continuing to closely monitor local conditions and make necessary cha
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nges that prioritize the health and safety of our Tweeps, the spokesperson added.The company had reopened those offices on July 12. It declined to reveal headcount pe
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r office.The U.S. Centers for Disease Control and Prevention this week recommended that fully vaccinated people begin wearing masks indoors again in places with high COVID transmission rates amid concerns about the highly contagious Delta variant.Earlier today, TechCrunch Brian Heater reported that Google CEO Sundar Pichai announced that the company will require employees to be vaccinated before returning to work on-site. It