Crypto Firm LedgerX Tells Clients to Send Funds to Signature Bank, Not Silvergate
- Crypto firm no longer using bank for domestic wire transfers
- The derivatives platform is one of a few solvents parts of FTX
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Crypto derivatives platform LedgerX, one of the few solvent pieces of the bankrupt FTX empire, will no longer use embattled Silvergate Bank to receive domestic wire transfers beginning Wednesday.
The company will use Signature Bank going forward, according to an email LedgerX sent to customers that was reviewed and verified by Bloomberg. LedgerX already had an existing relationship with Signature, according to two of the people who confirmed the email. LedgerX did not respond to a request for comment.