FDIC sets deadline for Signature Bank's crypto clients to close accounts.

The FDIC has informed crypto clients with deposits at Signature Bank that they must close their accounts and move their money by April 5th. New York Community Bancorp assumed most of Signature Bank’s deposits and some of its loans earlier this month, but the deal didn't include about $4 billion of deposits related to Signature’s digital-assets banking business. Any accounts not closed by the deadline will be automatically shut and depositors will receive a check in the mail. Signature Bank failed following the demise of Silvergate Capital and Silicon Valley Bank, and U.S. prosecutors were investigating its work with crypto clients before the lender’s sudden collapse.