[FDIC: Almost all deposits related to digital assets in Signatur

Apr 30, 2023

The U.S. Federal Deposit Insurance Corporation (FDIC) investigation into the collapse of Signature Bank found that its cryptocurrency deposits were at risk. Before the collapse, Signature Bank managed 1110 billion in assets, and almost all of the deposits related to digital assets were uninsured. The FDIC said Signature Bank management did not understand the risks inherent in uninsured deposits and did not prepare for a bank run.