Forget the 'Twitter-fueled bank run.' SVB was doomed by a network of wealthy VCs warning founders to pull funds 'as fast as possible' in private, sources say.

Forget the ‘Twitter-fueled bank run.’ SVB was doomed by a network of wealthy VCs warning founders to pull funds ‘as fast as possible’ in private, sources say.

“I’ve never seen phone calls be as popular as they were for those 48 hours,” said Alred Chuang, an investor at VC firm Race Capital. Read More

Source：https://fortune.com/2023/03/30/how-did-silicon-valley-bank-fail-whatsapp-chats-messages-twitter/

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US lawmakers aim for crypto regulatory clarity with proposed bill putting the screws to SEC

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Losses from crypto rug pulls outpaced DeFi exploits in May: Finance Redefined

Privacy-focused Aleo blockchain gets new wallet as mainnet launch approaches

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Forget the ‘Twitter-fueled bank run.’ SVB was doomed by a network of wealthy VCs warning founders to pull funds ‘as fast as possible’ in private, sources say.

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After bank failures, Joe Biden raises the alarm to restore ‘common-sense’ rules that Donald Trump weakened

Boerse Stuttgart Digital subsidiary receives final approval for crypto custody

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