Crypto-friendly banks mismanaged traditional risks, FDIC head tells Senate hearing

by Aurelia Butler 29 March 2023, 01:00 159 Views

High levels of uninsured deposits and rapid growth were common factors in the bank collapses in March, Gruenberg said. Gruenberg’s narrative began with the closing of digital asset-focused Silvergate Bank, which was announced on March 8, although that story began with the bankruptcy of FTX.

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Source: Cryptocurrency - investing.com

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Crypto-friendly banks mismanaged traditional risks, FDIC head tells Senate hearing

Singaporean women ‘outperforming’ men in crypto trades, survey reveals

U.S. charges FTX’s Bankman-Fried with paying $40 million Chinese bribe

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