.Ripple CTO JoelKatz shares advice about this crypto-friendly insolvent bank – SVB
has taken to Twitter to comment on some aspects of the recent SVB case. He also shared a recommendation about keeping funds in it.to Silicon Valley Bank.Sschwartz tweeted that details about KYC policies or data about those to who the crypto-friendly bank extended loans does not reveal why the bank went bankrupt and “seems to have nothing whatsoever to do” with the SVB going bankrupt.
Nothing about SVB's KYC policies or who they extended credit to seems to have anything whatsoever to do with how they became insolvent. And anyone who keeps uninsured funds on deposit with an insolvent bank is not a bright person.As reported by U.
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