what this has to do with "crypto" in the first place?
Jeopardy: "A recent Silicon Valley-based bank that was a major player in providing fiat liquidity for the crypto exchanges"
nonsense...SVB and signature had very little exposure to "crypto". The only one that had was Silvergate, which failed quietly.
The rest failed because of the mismatch between withdrawals and declined value of holdings.
You listen to MSM a bit too much, it seems.
They call it this way to place the blame on us, but it does not "stick".
Also Silverbank didn't fail. It's closing down while fulfilling all it's obligations.
SVB defaulted and is getting itself bailed out with tax payer money. Tax payer money to pay the 650M Oprah supposedly had there and all of prince Harry's millions.