📉 FlowBank, the Swiss crypto-trading bank, has been forced to close its doors after the Swiss Financial Market Supervisory Authority (FINMA) found it had "seriously breached" banking standards. The bank, which was part-owned by CoinShares and served as the banking partner for Techteryx, the issuer of TrueUSD (TUSD), was found to be lacking the minimum capital required for its operations. FINMA has stressed that customers with up to $111,710 will be protected first and aims to help customers recoup their funds ASAP. FlowBank, we hardly knew ye! 💔