Bank Exits Crypto Trust Role

PDF Email & Attachment

Business Line: RMS
Bank Name: XXXXX
City, State: XXXXX
Folder: Correspondence
Source: Bank
Doc Name: Miscellaneous
Description: Notification – Cease involvement in cryptocurrency XXXXX

XXXXX
Case Manager
Federal Deposit Insurance Corporation
300 S. Riverside Plaza; Ste 1700; Chicago, IL 60606
Cell: XXXXX
Email: XXXXX

From: XXXXX
To: Muraywid, Sumaya A. XXXXX@FDIC.gov; XXXXX
Subject: FW: [EXTERNAL MESSAGE] RE: Secure email: XXXXX update

FYI on the XXXXX trust account that held cryptocurrency. Let me know if you need anything else; otherwise, I will presume this issue is resolved.

Thanks.

From: XXXXX
Sent: Friday, June 30, 2023 1:58 PM
To: XXXXX
Subject: RE: [EXTERNAL MESSAGE] RE: Secure email: XXXXX update

CAUTION: External email. Do not click links or open attachments unless you...

Good afternoon, XXXXX I hope you are doing well.

I am pleased to report that we finally received the Trustee resignation paperwork from the attorney who is working with us on the issue for the XXXXX Trust, with that paperwork completing the process for our resignation as Trustee for the Trust (the Trust that holds the cryptocurrency). I have attached for your records a copy of that documentation showing that we have effectively resigned, and therefore any potential involvement of our bank in cryptocurrency is now a non-issue.

XXXXX still needs to sign the document, however, as noted above our involvement with this XXXXX is now over.

Thank you sincerely XXXXX for your patience as we completed this procedural process.

Very best regards,
XXXXX

--- Originally sent by XXXXX on Jun 8, 2023 11:02 AM ---

No worries XXXXX Thanks for the update.

Please forward the resignation paperwork once you receive it, and I will forward on to my counterparts in Chicago and DC.

Thanks as always XXXXX Take care,

XXXXX

From: XXXXX
Sent: Thursday, June 8, 2023 10:25 AM
To: XXXXX
Subject: [EXTERNAL MESSAGE] RE: Secure email: XXXXX update

Good morning XXXXX I hope you are doing well.

First, please excuse my delayed response to you as I have been trying to get a status report from the attorney who is assisting on the XXXXX modification; XXXXX. I was finally able to connect with her this morning, and I am pleased to report that we are still on track to meet our June 30th target for closure of the Trust. Attorney XXXXX pledged to me that she would have the paperwork to us either this Friday or early next week to effect our resignation as Trustee of the XXXXX. Hopefully we will soon be out of any connection with crypto. YAY!

All the best,
XXXXX

--- Originally sent by XXXXX on May 24, 2023 9:09 AM ---
This message was sent securely using Zix ®

Good morning XXXXX

I hope all is well with you and your counterparts.

I just wanted to check in with you (on behalf of my Chicago and DC folks) to see if you still believe that the XXXXX account will be closed by June 30?

Also, did the insurance personnel at the FDIC adequately answer the question you and XXXXX had for me regarding pass-thru and escrow accounts?

Thanks as always XXXXX

XXXXX

This message was secured by Zix ®.