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so is this the case for everyone using mercury? or are they offloading just "crypto" clients to another bank?

I think it's because Evolve Bank and Trust had a lot of issues

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I think it's because Evolve Bank and Trust had a lot of issues

https://www.fintechfutures.com/2024/06/us-federal-reserve-board-issues-cease-and-desist-order-against-evolve-bank/

Founder @farquest & @wieldlabs.eth, investing @ miy.com // Previously Meta, Coinbase // cryptojcdenton.twitter // FID #251

wowow, end of an era! liked most of the services built on evolve that i'd used, but crypto based banking can't come soon enough...

not everyone who used it liked evolve

https://www.bankingdive.com/news/evolve-bank-failed-most-basic-duty-stole-customers-lawsuit/727422/

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