"Huobi previously had a bank account with Silvergate, but all assets were transferred out some time ago and there is no financial partnership currently," a Huobi's spokesperson said in an email reply to Reuters' enquiry.
Funds that had been placed with Signature were also
withdrawn and sent to other financial institutions, the
spokesperson added.
State regulators closed Signature on Sunday, the third
largest failure in U.S. banking history, while Silvergate last
week disclosed plans to wind down operations and voluntarily
liquidate.
Huobi's adviser Justin Sun, who is also the founder of
blockchain platform Tron, said the exchange business was not
affected by their recent closures. Sun had said previously that
Huobi Global was applying for a virtual asset service providers
licence in Hong Kong.
Separately, a spokesperson for another crypto exchange, OKX, told Reuters that it did not have exposure to Signature or Silvergate. (Reporting by Georgina Lee; Editing by Jamie Freed)
