{"id":18697,"date":"2023-05-17T07:02:13","date_gmt":"2023-05-17T07:02:13","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/senators-slam-bank-execs-for-blaming-collapses-on-crypto-pocketing-millions\/"},"modified":"2023-05-17T07:02:16","modified_gmt":"2023-05-17T07:02:16","slug":"senators-slam-bank-execs-for-blaming-collapses-on-crypto-pocketing-millions","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/senators-slam-bank-execs-for-blaming-collapses-on-crypto-pocketing-millions\/","title":{"rendered":"Senators slam bank execs for blaming collapses on crypto, pocketing millions"},"content":{"rendered":"

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A former Signature Bank executive has been slammed for seemingly trying to place the blame for his bank\u2019s collapse on crypto while purportedly being able to pocket millions in bonuses and stock options.\u00a0<\/p>\n

During a Senate Banking Committee hearing on May 16, United States Senator Cynthia Lummis lashed out at Scott Shay, the former chairman of the now-defunct bank, in relation to his prepared statement on what led to his bank’s collapse.<\/p>\n