Signature Bank, which has a number of cryptocurrency companies as its customers, shut down on March 12.
Adrianne Harris of the New York State Department of Financial Services (NYDFS) said in a statement that the Federal Deposit Insurance Corporation (FDIC) had become the trustee. Silvergate Bank went into voluntary liquidation on the 8th, and Silicon Valley Bank went bankrupt on the 10th, making three banks bankrupt in less than a week.
Harris said the move was “to protect depositors.”
｜Translation: coindesk JAPAN
｜Editing: Takayuki Masuda
｜Image: Shutterstock
｜Original: Crypto-Friendly Signature Bank Shut Down by State Regulators
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