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lizzy241

03/12/23 8:20 PM

#405634 RE: Meowza #405633

meowzo, what has happened is the SigNet division of SBNY is not FDIC insured. It's a conduit to move crypto through their Signet division, it's so complicated. SEN was the most concentrated exchange used for moving money laundering etc after SI closing, therefore, the only other source that has a similar SEN platform is Signet a division of (SBNY). I think that's why the govt closed them down as it became systemic in a matter of hours. COIN, MSTR