Signature Bank Plummets in Share Price Pre-Market, After News of Silvergate Halting Operations
As of March 9, Silvergate will halt operations and undergo liquidation.
Signature Bank Now Servicing Multiple Crypto Companies in the Wake of Silvergate Distress
On Mar. 2., Yahoo Finance reported that LedgerX started diverting clients to Signature. In a bid to distance itself from Silvergate Bank, LedgerX has opted to switch to Signature Bank as its new domestic wire transfers receiver, rumors that were reported by both Yahoo and Bloomberg but verified by neither Signature or LedgerX.
Kraken Reduces Reliance on Signature Bank for Certain Transactions
Cryptocurrency exchange Kraken is stepping away from Signature Bank for processing certain transaction types due to decisions made by the New York-based banking firm.
Coinbase Switches to Signature Bank From Silvergate for Prime Customers
Crypto exchange Coinbase (COIN) has switched to Signature Bank (SBNY) to facilitate its service for Prime account holders to Signature Bank.
Crypto Morning Briefing: Kraken Pulling Back From Using Signature Bank
Magic Eden Launches 'Mint Madness' With Free Web3 Gaming Mints; The Next Bicasso: Binance NFT Releases AI-Powered NFT Generator; Robinhood, Polygon, 0x Labs Simplifies Crypto Trading, ZRX Zooms 20%; Chainlink Targets Web 2.0 Developers With New Platform Launch
Kraken Pulling Back From Using Signature Bank: Bloomberg
Crypto exchange Kraken is pulling back from using crypto-focused bank Signature Bank for some significant financial transactions, according to a report from Bloomberg, in the latest move away from a specific bank by a crypto exchange.
FTX Survivor LedgerX Dumps Silvergate for Signature Bank: Report
LedgerX, a trading platform offering derivatives products based on Bitcoin and Ethereum cryptocurrencies, is no longer using Silvergate Bank to receive domestic wire transfers, according to a Bloomberg report.
Sequoia Capital, ‘Inspector Gadget’ Creator Hit by FTX Class-Action Lawsuit
Sequoia Capital, the creator of “Inspector Gadget,” Signature Bank and others linked to defunct crypto exchange FTX were slapped with a class action lawsuit this week, which alleges the defendants knew about the alleged fraud at the company and “did not care.”
Signature Bank To Appoint Eric Howell as CEO and President
Signature Bank — known to be friendly to crypto clients — announced today that DePaolo, its current CEO and president, will transition to a senior advisory role this year. The firm's chief operating officer, Eric Howell, will step into the president role, effective March 1, and will eventually take the reins as CEO following DePaolo's transition into the senior advisor role, the company said in a release.
Crypto Investment Firm Sues Signature Bank for Facilitating FTX Fraudulent Transfers
British Virgin Islands-based investment management and cryptocurrency trading firm Statistica Capital has filed a lawsuit against New York-based Signature Bank, alleging that the financial institution facilitated the fraudulent activities of crypto exchange FTX before its collapse.
