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RE: BANK RUN: Silicon Valley Bank + USDC/DAI

in LeoFinancelast year

The timing is very #sus, they knew their f+cked and chose to pin a point of failure of their liking. Let them rott in the sun until a more reasonable entity takes them over.

As I see it, they broke the news on a Friday. They have no clear impact that caused it. They knew it is coming and the now-left corpse is already deprived of all nutrients. It's a warehouse in California that only stores technology and since they know that their not able to pay the next rent, employees, and management have ransacked it over some time and then declared complete failure on a convenient afternoon. Sure the GOP will not refinance that and sure they will find a way to blame Trump and Hitler.