Post by @stani • Hey
Wow saw today people lining up to Silicon Valley Bank to withdraw funds
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Here's a breakdown in case anyone's interested: https://www.coindesk.com/consensus-magazine/2023/03/10/a-tale-of-2-banks-why-silvergate-and-silicon-valley-bank-collapsed/
Lining up for buying bitcoin soon 😌
Jesus forgot you’re in the bay how long dm
How long was the queue?
yikes talk about seeing the reality unfold. scary stuff
the problem is, Circle is among them as some of the cash reserves are deposited there. USDC has depegged considerably and also DAI and FRAX are down. I don't know about FRAX but DAI is significantly correlated to USDC. it's kinda ironic that a lot of people demand from stable issuers to have every coin backed by real assets, preferably cash. and then their banks go bankrupt.
Lets hope there are still funds left. 😅
It's scary indeed
He
WW3
That's when I realized that being poor isn't for nothing
So, whats your opinion
Not good
RIP bank
it's bad
black saturday.
Madness
Heyy, this post is just too good! 😊 It's so informative and well-researched, I can tell the author put in a lot of effort and care. Keep up the fantastic work! 👍
Winter is coming
dead
need ghooo
Can withdraw nothing now
Can't stand a new 2008 again!
damn! this is not good ser, it will create more chaos
wen $gho
It's back to normal again, just a new boss.
not so worry about, it will be fixed soon by the government soon, we cant stand for another bankrupt
Silvergate
How big was the line
feels bad man!
Scared
so storm is coming
Launch #GHO Stani
bank is dead
Bankrun is too bad. FED should do something
is it so bad ?
Bank run incoming .....
Goodbye to bank
Bank run incoming
it was better if lens was in arbitrum nova istead of polygon
Can't trust the feds can't trust the bans can't trust the cex. Who can we trust in this cold world?
The run is being upgraded.
bad
hope everyone is stable
yes yes yes!!!
mm~~no pic no fact
It is hard for people whose money in SVB bank
there is going to be a huge down
Silvergate :(
Tried to get there bright and early but no luck.