OTC Deals
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OTCbid - US bank suffers losses and job cuts after $11.6 billion in crypto withdrawals
" Past data show that we are approaching one of the best times to buy Bitcoin.
" The cryptocurrency crisis has hit yet another operator, with it having to scramble to sell off assets to stay afloat as well as laying off hundreds of staff.
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A US bank has been forced to sell off assets and cut staff after it saw $US8 billion ($A11.6 billion) worth of cryptocurrency withdrawn by customers.
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Silvergate, a bank which offers cryptocurrency services, revealed it had seen the huge amount of cryptocurrency taken out in just three months at the end of last year.
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As a result, it was forced to sell $US5.2 billion ($A7.5 billion) in assets – including some at a loss of $US718 million ($A1.04 billion) – to cover the sudden withdrawal of funds and to continue trading.
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US research firm Federal Financial Analytics managing partner Karen Petrou described the bank’s experience as “unprecedented” and “unusual”.
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“Because they were so dependent on crypto funding, they were vulnerable for a run. Given the crypto market has been unstable, they got it,” she told Bloomberg." - Read More
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1160 BTC BUYER IN US
-3.5% Gross, -1.5% Net, Brite Banc Escrow, Florida, US
Seller Mandate Only
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NEW: 1160 BTC @ -3.5% Gross, -1.5% Net, Brite Banc Escrow, Florida, US - Look For Seller
(Buyer ; SHIS PASS-TELE)
Post: 10.1.23
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Buyer is buying 1160 BTC @ -3.5% Gross, -1.5% Net via Brite Banc Escrow platform.
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Buyer = 1.5%
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Buyerside = 1.5%
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Sellerside = 1.5% ​
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PROCEDURE :​
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Funds are loaded in Brite Banc
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$20 million usd worth of BTC
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Escrow Attorney in Florida
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Request Seller procedure​
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SELLER MANDATE ONLY
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Interested parties should contact :
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OTCbid@gmail.com
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Telegram @OTCbiddotcom
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Telegram: +1 (786) 632 8577
