While I cannot speak to anything that was written (I am far from being a crypto boi, all I see is snake oil and fraud tools), the epic disparity between the sloppy request and the meticulously eviscerating response is an absolute wonder to behold. The bank CEO brought a rubber knife to someone wielding a nuclear bazooka
At the end of the article, it's confirmed that Anchorage Labs/Anchorage Digital is not really a "bank" in the common meaning of the term:
> The Bank shall limit its business to the operations of a trust company and activities related or incidental thereto. The Bank shall not engage in activities that would cause it to be a “bank” as defined in section 2(c) of the Bank Holding Company Act.
Essentially Anchorage Digital is a rail for crypto to interact with the regulated financial industry, and their charter with the OCC limits them to only that form. So "bank CEO" is a misnomer; I would say "crypto CEO who managed to convince federal regulators to provide limited access to the banking system without allowing risky activities like lending or deposits".
The registered company name is Anchor Labs, Inc. and it probably DBAs as Anchorage Digital. The tag line is "crypto bank for institutions" but the registered name does not include 'bank'.
EDIT: Pay attention to comment below. This comment is incomprehensive.
There are two companies here. "Anchorage Digital Bank, National Association" is the "bank" with the OCC charter. "Anchor Labs, Inc.", who confusingly labels their service as "Anchor Digital", has a relationship with the former, and the article hints at some form of obscured ownership.
While I cannot speak to anything that was written (I am far from being a crypto boi, all I see is snake oil and fraud tools), the epic disparity between the sloppy request and the meticulously eviscerating response is an absolute wonder to behold. The bank CEO brought a rubber knife to someone wielding a nuclear bazooka