The U.S. Federal Deposit Insurance Corp (FDIC) has informed collapsed lender Signature Bank's crypto clients that they have until April 5 to close their accounts and move their money. The deposits in question were not part of a rescue deal arranged with Flagstar Bank, a unit of New York Community Bancorp, earlier this month. 'Flagstar's bid did not include about $4 billion in deposits related to Signature's digital-asset business,' an FDIC spokesperson said. 'Those are the deposits we are encouraging customers to move before April 5.

https://business.inquirer.net/393594/u-s-fdic-tells-signature-banks-crypto-clients-to-close-accounts-by-april-5

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