Crypto Scours the Globe for Banks to Replace Collapsed US Lenders

(Bloomberg) -- Crypto hedge fund executive Marco Lim spent Monday racing to open bank accounts in Hong Kong after the sudden collapse of three US lenders.Most Read from BloombergFDIC Auction for Failed SVB Underway, Final Bids Due SundayFed’s New Backstop Shields Banks From $300 Billion of LossesTreasuries Surge as Traders Recalibrate Rate Bets: Markets WrapSignature Seized by Regulators as Pain Spreads From SVB’s FallUS Discusses Fund to Backstop Deposits If More Banks FailThe hedge fund, MaiCa

• 2023-03-13
• Silicon Valley Bank Signature Bank Bloomberg open bank accounts digital assets Digital Asset Capital Management Hong Kong Silvergate Swiss bank Richard Galvin

Crypto Fugitive Do Kwon Tapped Hoard of 10,000 Bitcoin Via Swiss Bank, SEC Says

(Bloomberg) -- Crypto fugitive Do Kwon and the firm he founded transferred over 10,000 Bitcoin out of their doomed project and turned some of the tokens into cash via a Swiss bank, the Securities & Exchange Commission said.Most Read from BloombergChina Hits Back at US with Sanctions on Lockheed, RaytheonPassengers Take 16-Hour Flight to Nowhere After Auckland to New York U-TurnTesla Recalls More Than 362,000 Cars Due to Self-Driving Crash RiskStar Banker’s Disappearance Unnerves China’s Business

• 2023-02-17
• Bloomberg Swiss bank Securities & Exchange Commission Do Kwon digital currencies Bitcoin