Divest Crypto Assets by Year-End

Transmitted by Electronic Correspondence

October 11, 2023

XXXXX
President & COO
XXXXX

RE: Notification of Crypto-Related Activities

Dear Ms. Williams:

We acknowledge receipt of your August 10, 2023 response to our June 29, 2023 letter regarding crypto-related activities. We understand that XXXXX intends to divest of all crypto-related assets and non-fungible tokens (NFTs) by December 31, 2023, and will provide confirmation of the transaction to the FDIC and XXXXX as soon as it has been executed. Thank you for your response, and we look forward to your transaction confirmation.

Questions should be directed to FDIC Case Manager XXXXX and Division Chief Director XXXXX.

Sincerely,

/s/ Paul Worthing

Regional Director
Federal Deposit Insurance Corporation

---

This letter is confidential and may not be disclosed or made public in any manner. Additional information regarding these confidentiality restrictions may be found both in Part 309 of the FDIC Rules and Regulations and XXXXX. Please notify regulators immediately if you receive a subpoena or other legal process calling for the production of this letter or a description of its content.