FDIC Urges Signature Bank Crypto Customers to Transfer Funds by April 5

The U.S. Federal Deposit Insurance Corporation (FDIC) is trying to push Signature Bank’s cryptocurrency customers out of the temporary entity that holds Signature Bank assets, giving them until next week to cash out, CoinDesk reported. Because the FDIC’s sale of Signature Bank’s remaining assets to New York Community Bancorp did not include about $4 billion in cryptocurrency-related deposits, nor did it include the bank’s Signet real-time trading platform, which is still trying to sell Signet, And plans to clear deposits by April 5th.