The FDIC requires Signature Bank's crypto customers to close their accounts and transfer funds by April 5

ChainCatcher news, the Federal Deposit Insurance Corporation (FDIC) has notified cryptocurrency clients of the failed Signature Bank that they must close their accounts and transfer their funds by April 5.

It is reported that Flagstar reached an agreement with U.S. regulators on March 19, and Flagstar Bank will take on nearly all of Signature Bank's deposits and part of its loan portfolio. (source link)