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AMB Crypto
2023-03-11 08:32:19

Bankrupt crypto lender BlockFi reveals $227M exposure to Silicon Valley Bank

Bankrupt crypto lender BlockFi reveals $227M exposure to Silicon Valley Bank

Bankrupt crypto lender BlockFi has revealed a $227 million exposure to Silicon Valley Bank. BlockFi’s deposits are not insured by the FDIC since they were invested in a money mutual market fund. Bankrupt crypto lender BlockFi has made headlines with its latest bankruptcy filing, revealing that it has $227 million invested in a money market

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