Crypto collapse: FTX’s fall is one piece of a long, cold, contagious crypto winter
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Crypto people are finding new bankers.
After the rapid collapse of Silvergate, Silicon Valley Bank and Signature, the crypto world has needed to find new bankers. Regional bankers such as Fifth Third and Customers Bancorp are stepping up. Big banks like JP Morgan Chase can afford to be choosy:
Banks willing to service crypto firms have been inundated with applications during the past two weeks, crypto executives and bankers said. After the collapse of Signature, one crypto banker said he enabled his phone’s “do not disturb” mode to get some sleep. He received so many texts in rapid succession that the phone overrode the setting.
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