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TexasTowelie

(128,150 posts)

2. Crypto was related to the failure of Silvergate, but I haven't dug into the details for SVB.

Reply to Deuxcents (Reply #1)

Sat Mar 11, 2023, 01:10 AM

Mar 2023

The Silvergate bank was part of the financial schemes dreamed up by Samuel Bankman-Fried while he was at FTX. I wouldn't be surprised if the SVB failure is related to the mess though.

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Bank Run USA Panic - Second USA Bank Collapses in 3 Days, Run of Withdrawals Causes Liquidity Crisis [View all] TexasTowelie Mar 2023 OP

No bailing out banks. Been there Deuxcents Mar 2023 #1

Crypto was related to the failure of Silvergate, but I haven't dug into the details for SVB. TexasTowelie Mar 2023 #2

Ty.. I'm not versed on bitcoin, etc but, imo, Deuxcents Mar 2023 #3