Odaily Planet Daily News Three executives of crypto-friendly bank Evolve Bank & Trust have resigned after the bank suffered setbacks, including a cybersecurity breach in May and an enforcement action in June. The bank's chief credit officer, corporate finance director, and chief lending officer for open banking have reportedly left. The exit of the three executives is undoubtedly a further blow to Evolve Bank & Trust, which provides behind-the-scenes banking services to several cryptocurrency-friendly fintech companies. According to Evolve's webpage, its partners include Mercury, which provides banking services to startups (including Web3 companies), and Stripe, a payment processor and crypto portal. On August 6, Evolve announced that it had been attacked by ransomware from the criminal organization LockBit, which accessed and downloaded customer information from its databases and file shares between February and May. Evolve refused to pay the ransom, resulting in the data being leaked. In addition, in June, the Federal Reserve Board (FRB) initiated enforcement actions against the bank due to deficiencies in anti-money laundering, risk management, and consumer compliance, requiring Evolve to strengthen its risk management practices to address compliance and fraud risks. (Cointelegraph)