US Bank collapse — Was crypto being targeted?

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US Bank collapse — Was crypto being targeted?



Signature Bank in particular served the likes of Paxos Trust and Celsius and other major crypto firms that suffered as a result of the decisions taken by the Federal Deposit Insurance Corporation and New York State Department of Financial Services.

Meanwhile Silicon Valley Bank (SVB) reportedly handled over $5 billion of funds for a handful of cryptocurrency venture capital funds including Andreessen Horowitz (a16z), Paradigm and Pantera Capital in recent years.