Brex at least mitigates by spreading deposits across multiple banks: https://www.brex.com/journal/how-business-account-works https://www.brex.com/journal/how-bu

Brex at least mitigates by spreading deposits across multiple banks: https://www.brex.com/journal/how-business-account-works https://www.brex.com/journal/how-business-account-works . But given https://techcrunch.com/2021/02/19/brex-applies-for-bank-charter-taps-former-silicon-valley-bank-exec-as-ceo-of-brex-bank/ https://techcrunch.com/2021/02/19/brex-applies-for-bank-char... and the fact that https://www.brex.com/svb-emergency-line https://www.brex.com/svb-emergency-line emerged literally overnight... it's unclear to me whether these strategies are truly robust, or whether much of this is hype driven by Thiel and other Brex etc. investors - who are, at the very least, incentivized to capitalize on this situation.