The FDICgov has set an April 5 deadline for crypto depositors at Signature Bank to withdraw their funds, but the regulator still plans to sell off the Signet platform. jesseahamilton nikhileshde report
. The U.S. banking regulator is still trying to sell Signet, an agency spokesperson said, and is aiming to get the deposits cleared by April 5.
The FDIC has been reaching out to customers connected to the money, encouraging them to find another bank to transfer the funds to. If they can’t, they’ll be getting a check to whatever address is on record for the customer, the spokesperson said. Questions swirled around the stranded crypto clientele, such as whether expectations from the Office of the Comptroller of the Currency kept the digital-assets customers out of the Signature purchase deal to NYCB’s Flagstar Bank subsidiary. The FDIC has denied any deliberate effort to segregate the funds.
The resistance from U.S. regulators – also including the Federal Reserve – has made banks increasingly
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