How a ransomware issue at a little known fintech company impacted banking for companies across the crypto market
<p>As markets whipsaw amidst uncertainty surrounding the economic and health impacts of the coronavirus, the pipes and plumbing of our financial system, for the most part, has held up. That is even as legions of bankers, traders, and financial services professionals are forced to hunker down in their homes. Last week, there was one exception, however. A reported ransomeware issue at a little-known payments processor caused headaches across mid-sized banks across the country, making it difficult for certain Fedwire wires to execute.</p><p>Silvergate, which banks for more than 800 cryptocurrency firms, was one of the firms that had...
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