Flagstar Bank: Did not acquire Signature's cryptocurrency business and assets, including Signet

ChainCatcher news, Flagstar Bank confirmed that its acquisition of certain assets of Signature Bank's bridge bank and assumption of certain liabilities does not include any digital assets, crypto-related assets, or deposits. Signature Bank's digital payment platform Signet is also not part of this transaction.

Previous report, Flagstar Bank nearly purchased all of Signature's deposits and company assets valued at $38.4 billion. This includes Signature's $12.9 billion in loans, and additionally, Flagstar Bank paid for FDIC stock worth up to $300 million. (TechCrunch）