Skip to content

Which companies just had a verified incident, who lends to them and who owns them. Every claim carries its evidence level and its source. How we decide what is confirmed

Global Financial Service Disruptions

Signature Bank (incl. Signet)

commercial bank · US · North America · Signature Bank

Regulatory or legalStatus: resolvedTier 1Severity 5 of 5Evidence confidence: highAnalyst-verified

New York regulators closed Signature Bank on 12 March 2023 after a run, with all depositors guaranteed. Its Signet crypto payments rail lost exchange support and was not part of the Flagstar acquisition.

First disruption
Mar 12
First public signal
unknown
Acknowledged
Mar 12
Restored
resolved, time unknown
Duration
not established
DFX first recorded
Nov 5 14:58 UTC

What was restricted

instant paymentsallScope: institution wide

Bank closed and moved to bridge bank; Coinbase ended support for the Signet real-time payments network; Signet excluded from Flagstar's purchase.

Cause, kept in separate layers

What the institution said
Closed by NYDFS after a run on 10 Mar; FDIC appointed receiver
DFX classification
Regulatory or legal (cyber: unconfirmed)
Analytical hypothesis (not established)
Underlying cause liquidity (D); classified E because the restriction was the regulator's closure.
Conflicting reports
Kraken said Signet deposits and withdrawals were processing on 12 Mar, while Coinbase stopped supporting Signet.

Evidence