DoomPosting
@doomposting
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Degens Deteriorating
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DoomPosting
7.86K subscribers
DoomPosting
1.53K views
DoomPosting
LARGEST SHUTDOWN OF A US BANK SINCE 2008
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DoomPosting
any "uninsured" balances at SVB - those above $250K - are in jeopardy
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DoomPosting
Expect mass layoffs later today, Monday at latest.
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DoomPosting
First Republic Bank down bad
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Mark Suster: simp loser of the week
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DoomPosting
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DoomPosting
SVB CEO sold $3.57 million of stock within the last two weeks
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DoomPosting
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USDC was holding cash reserves at SVB
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DoomPosting
When your startup tries to do a wire transfer out of a collapsing bank (SVB)
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DoomPosting
Contagion—

First Republic Bank

Silicon Valley Bank

Western Alliance Bancorporation

Signature Bank

PacWest Bancorp
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DoomPosting
USDC COIN INSOLVENT?

Held substantial reserves with Silvergate & SVB.
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DoomPosting
BlockFi had $227 million in Silicon Valley Bank
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DoomPosting
USDC
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