it's looking increasingly possible that the implosion of a random auto parts company could lead to a full blown financial crisis.

billions of dollars is apparently just straight up missing. multiple companies that are getting hit in the fallout are crypto players, including #HowardLutnick's #CantorFitzgerald and #crypto bank #WesternAllianceBank (#WAL) which is part of #TassatPay.

* https://x.com/junkbondanalyst/status/1976104317783589268
* https://x.com/junkbondanalyst/status/1976258844956426635

cc @GhostOnTheHalfShell

#firstbrands #firstbrandsgroup #bankruptcy #jefferies #economics #uspol #uspolitics #autoparts #cryptocurrency #banking #bank #investmentbanking #investmentbank

#WesternAllianceBank has revealed they were victim of a #databreach

The breach happened in October at a third-party vendor, and their secure file transfer software was breached. The attackers stole personal info of approximately 22k customers.

Western Alliance is offering complimentary credit monitoring for all affected

#cybersecurity #USA

https://www.bleepingcomputer.com/news/security/western-alliance-bank-notifies-21-899-customers-of-data-breach/