After the closure of the crypto-friendly Signature Bank by the US government, the leading companies of the crypto money ecosystem made statements on the subject.
Signature Bank on March 12 New York Department of Financial Services (NYDFS) by Federal Insurance Corporation (FDIC) with the trusteeship it is closed. Up to the present Coinbase, Paxos (USDP) And Celsius Network (CEL) After Signature Bank’s closure material aspect that you are affected while announcing Tether (USDT), Crypto.com And Gemini announced that it was not affected by the bankruptcy.
Known to allow users to trade via wire transfer via Signature Bank. from Binance on any subject explanation did not come.
Affected Crypto Companies
USA’s largest cryptocurrency exchange coinbase made in the statement, March 10 remaining in Signature Bank as of 240 million dollars stated that they have corporate assets and that they hope to get the assets back completely, as stated by the authorities.
stablecoin issuer paxos, About Signature Bank assets of $250 million assets other than FDIC insurance as company policy. special By stating that they also insure with insurance policies, the funds will not be affected by a possible loss. announced.
Cryptocurrency platform that went bankrupt last year Celsius Network de Signature Bank’s collapse financially affected became one of the companies. Celsius said that some client assets are being held at the bank, but that they hope to benefit from the repatriation announced by the authorities. stated.
Popular cryptocurrency exchange of OKX US-based sister company OKCoin Expressing that Signature Bank is one of the main USD partners, he stated that he had to suspend some operations for a short time.
Companies Declaring Not Affected
CTO of USDT issuer Tether Paolo Ardoino to Signature Bank with a succinct statement. in no way not exposed to reported
Popular US cryptocurrency exchange Gemini Paolo Ardoino made similar statements. Gemini customers dollar their assets JPMorgan, Goldman Sachs And State Street Bankall you hold in Gemini Dollar (GUSD) their assets State Street Bank, Goldman Sachs And in Fidelity He said they are keeping it.
On the other hand, the cryptocurrency exchange Crypto.com CEO Chris Marszalek March 13 on the stock market at Signature Bank of any existence that there is no stated.