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Bitcoinist 2023-03-12 02:13:47

BlockFi’s Uninsured $227 Million In Silicon Valley Bank Raises Concerns, Filing Shows

Reports have shown that BlockFi also has $227 million in the troubled Silicon Valley Bank, which wasn’t insured. Notably, SVB is not managing the fund directly. As the saga of the Silicon Valley Bank shutdown continues, more victims are emerging. The first to feel the brunt was Circle, the firm behind the popular USDC stablecoin.

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