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Cryptopolitan
2023-03-11 22:52:00

BlockFi’s uninsured funds tied up in Silicon Valley Bank

BlockFi’s uninsured funds tied up in Silicon Valley Bank

According to a recent bankruptcy filing, defunct cryptocurrency lender BlockFi has $227 million worth of uninsured funds invested in a money market mutual fund (MMMF) provided by the ailing Silicon Valley Bank. The action intensifies the recent Silvergate bankruptcy chaos, which has seen crypto prices crash ever since the crypto-friendly bank’s financial difficulties were made … BlockFi’s uninsured funds tied up in Silicon Valley Bank Read More »

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