U.S. FDIC tells Signature Bank’s crypto clients to close accounts by April 5

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.

Read more: Reuters