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Coinbase Lost $240M in Signature Bank Closure

Leading crypto exchange Coinbase disclosed it lost around $240 million in Signature Bank shut-down on Mar. 12.

Paxos and Celsius also announced they lost money in the Sunday Signature Bank shutdown. Companies may need to rely on the Federal Deposit Insurance Corporation (FDIC) to recover lost funds.

Coinbase Signature Bank Paxos Celsius
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