Slamming a Bloomberg report, Tether insists it did not have an account with Signature Bank, but its use of Signet to facilitate USD transactions has authorities raising their brows.
Silvergate Capital Corporation cites the recent regulatory developments for its decision to liquidate the bank, while Signature stresses its ties in the asset space are limited to the U.S. dollar.
Silvergate cites the industry's "transformational shift" as the reason behind its massive losses in Q4, while Signature Bank appears to be distancing itself from Binance.
