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> Silicon Valley Bank has detoothed a lot of criticism of the crypto industry The problem with SVB was not the same as what we get with FTX and Binance. Let al
by JAlexoid 3y ago
> Silicon Valley Bank has detoothed a lot of criticism of the crypto industry
The problem with SVB was not the same as what we get with FTX and Binance. Let alone, the promise of crypto is to "be transparent", and this proves that they are not at all transparent.
SVB made bad bets, that we knew were made. SVB collapse was not a result of them lying about how they operate, it was a result of the risk they took.
FTX and Binance lied, which is not exactly what you want from someone who you should trust.