Plaid has banned access to the users’ data to FTX.US.
The step is taken concerning the public reports of fraudulent activity.
Plaid, a financial services company based in San Francisco, has put a stay on the U.S.-based exchange’s access to its products, quoting “thinking about public reports” of scam activity.
Plaid is a platform that permits FTX.US clients to link their bank accounts to the mobile application of FTX. The platform also builds a data transfer network that powers fintech and digital finance products.
Plaid’s products give access to the users to permit FTX.US clients to link their bank accounts to the mobile application of FTX. After this, FTX.US can request payments which will be further processed by the ACH network.
On November 13, Plaid made a tweet through which the company announced that it had put a hold on the access of FTX to its products concerning the public reports of fraudulent activity. As per the tweet, it is very clear that FTX will now not
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