Crypto-friendly Signature Bank, which was shut down by the US Federal Insurance Agency (FDIC), was taken over by Community Bank of New York, while its crypto operations were excluded from the deal.
In a statement published by the FDIC on its official website on March 19, Signature Bank’s traditional banking assets and activities New York Community Bank’s with a subsidiary Flagstar Bank announced that it was taken over by
FDIC, 38.4 billion worth a dollar deposit And 12.9 billion dollar credit Signature Bank’s contract with all depositors Announcing that it was transferred to Flagstar Bank
FDIC, Signature Bank’s 60 billion worth a dollar credit asset And 4 billion dollars worth crypto deposits whereas trustee to stay under control going on explained.
On the other hand, the exclusion of crypto operations from the deal is about the FDIC’s Reuters claims. he is lying interpreted as. The FDIC has advised Reuters that banks wishing to buy Signature Bank in the near future should terminate their cryptocurrency activities. stipulated their claims, the bidders’ parts you don’t want out of offer that you can hold he had denied.