US regulators issued a joint letter ordering bankrupt cryptocurrency broker and lender Voyager Digital to cease and desist from marketing itself as insured by the Federal Deposit Insurance Corporation, saying statements on its website and elsewhere were false and misleading.

The joint letter released 28 July from the Federal Reserve and FDIC said the company’s statements “likely misled and were relied upon by customers who placed their funds with Voyager and do not have immediate access to their funds.”