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Marathon Digital: Deposits held at Signature Bank are secure and available

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Login password Discovery Enterprise Marathon data Holdings assures investors that its Signature Bank deposits are safe and available from March 13.

In an announcement after the closure of the signing Bank in the UK, the Marathon announced that he had a deposit of about $142 million with the signed Bridge Bank.

Signature Bridge Bank was established through the American Deposit Auto Insurance Company to manage Signature Bank user accounts that were recently closed. River Crossing is committed to ensuring that cash flow is not easily terminated when regulators are looking for customers to recycle Signature Bank property.

The marathon also confirmed that it can be derived from the target application assets of financial management, is in the process of buying and selling basic business processes, and still pays all tax receipts. In addition, the marathon still has more than 11000BTC (BTC), which sees BTC as an asset that brings coordination capabilities beyond traditional banking system software.

The company also responded that it had no direct business talks with Silicon Valley Bank, which closed on March 10.

Signature Bank, a New York-based login password-friendly bank, closed on March 12 and was taken over by the New York City Financial Services Center.

The Federal Reserve meeting said on March 12 that the decision to close the bank was made in collaboration with the FDIC to protect the US economy and boost public confidence in the banking management system.

Myers Donald, a former American representative and member of the signed bank supervisory board, has hinted since then that the bank was closed to send anti-encrypted messages, according to a report by CNBC on March 13th.

According to Donald, apart from exceeding the $10 billion deposit crowding, there is no sign of problems at the bank, which he attributes to the spread of Silicon Valley banks.

Signature Bank's closure makes it the third bank in a week to be linked to the collapse of Crypto, following the previous closure of Silicon Valley Bank and SilverGate.

by Judith BannermanQuist
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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