Mastodawn

⚯ Michel de Cryptadamus ⚯Mar 11, 2025

New paper from #Yale and the #FederalReserve blames the 2023 banking crisis on (you guessed it) #crypto and Nerd Reich #VCs.

> "A clearer commonality between the six banks [that failed], the paper argues, is their exposure to risky depositor bases that other banks shied away from: #crypto firms and [tech] venture capitalists."

* American Banker: https://www.americanbanker.com/news/new-paper-hangs-march-2023-failures-on-business-model-risks
* Paper: https://www.chicagofed.org/publications/working-papers/2025/2025-04

#SiliconValleyCalif #SVB #SBNY #SignatureBank #FirstRepublic #a16z #Broligarchs #NerdReich #uspol #banking #finreg #Silvergate

Crypto and VC firms led to SVB's failure, researchers say

New research on the failures of Silicon Valley Bank and other regional banks in 2023 points to cyclicality of venture capital and the volatility of crypto as bigger factors than uninsured deposits or unrealized losses.

American Banker

焦点Focus Mar 8, 2025

20230310文贵先生语音¹： #战友躲过疫苗、世界金融灾难，100%安全！两会结束6个小时，中共抛售西方金融物业，索回投资导致 #国际级房倒银塌！世界最大房地产公司 #blackstone 上万亿美元最佳资产超级低价格卖，中共全拒绝！世界上万亿美元的 #Silvergate（最多数字银行）骤跌800亿美元！

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⚯ Michel de Cryptadamus ⚯Jan 28, 2025

@GottaLaff the crypto bros are big mad about the collapse of #Silvergate and Signature banks (AKA "the big crypto banks"). the conspiracy theory they have about the #FDIC is called "Operation Chokepoint 2.0" if you want to look into it.

(the reality is that Silvergate and Signature banks were massive money laundering hubs, moving literally trillions of dollars a year in untracked funds outside of all money laundering regulations. they were both intimately connected to #FTX)

cc @KimPerales ICYMI

i published this 4 months before Signature Bank collapsed: https://cryptadamus.substack.com/p/signature-bank-ftx-and-trueusd-a

#SBNY #SI #SignatureBank #Crypto #OperationChokepoint #OperationChokepoint2

Signature Bank, FTX, Binance, and TrueUSD: A Tale of Questionable Judgement

If something is not "not illegal" then what is it?

The Cryptocalypse Chronicles

Coach Pāṇini ®Dec 19, 2023

"Beginning in 2013, Silvergate senior management changed the bank's strategy to focus on customers engaged in crypto activities," the Fed inspector general's office wrote in a summary of its findings.

https://www.americanbanker.com/list/dramatic-collapses-made-2023-the-biggest-year-ever-for-bank-failures

#banking #crypto #Silvergate

Dramatic collapses made 2023 the biggest year ever for bank failures

The five banks that went under in 2023 had nearly $550 billion of assets, the largest total in a single year. Here's a look back at how they unraveled.

American Banker

nano Jul 18, 2023

Customers Bank: Ein neuer Partner für den US-Kryptospace? https://www.btc-echo.de/schlagzeilen/customers-bank-ein-neuer-partner-fuer-den-us-kryptospace-167924/ #Unternehmen #Silvergate #Stablecoin #Banken

Customers Bank: Ein neuer Partner für den US-Kryptospace?

Nach den Pleiten von Silvergate und Signature sucht der Kryptospace nach einem neuen Partner. Die Customers Bank könnte Abhilfe schaffen.

BTC-ECHO

Tuck Frump Jun 8, 2023

#binance #crypto exchange commingled US and foreign funds by transferring them through accounts at now defunct #silvergate bank and #signaturebank

https://finance.yahoo.com/news/binance-moved-billions-us-bank-134421638.html

Yahooist Teil der Yahoo Markenfamilie

El Club De Los Físicos Muertos Jun 5, 2023

Years ago I was skeptical of #Banks and regulators when they claimed that there was little or no exposure for banks to #CryptoCurrency scams
Today it is known that #Binance subsidiary in US was a puppet coz control of corporate accounts held at #SilverGate Bank were carried out by executives of parent company. In 2021, #Binance moved uS$ 400 million from Silvergate to a trading company controlled by offshore companies

JLH Apr 28, 2023

🧵 Third or fourth major bank failure this year depending on your view of the #Silvergate’s demise. Key questions: Will the #FDIC bailout the uninsured FRC depositors including the $30 billion deposited by major banks in March? If so, will the cost be covered by another special assessment on the banking industry? 1/

FDIC to place #FirstRepublicBamk under receivership | Reuters

https://www.reuters.com/business/finance/first-republic-shares-gain-hopes-rescue-deal-2023-04-28/

First Republic stock rout deepens after report on likely FDIC receivership

First Republic Bank <a href="https://www.reuters.com/companies/FRC.N" target="_blank">(FRC.N)</a> shares plunged after a CNBC <a href="https://www.cnbc.com/2023/04/28/first-republics-stock-poised-to-rise-for-second-day-as-regional-bank-searches-for-rescue-deal.html" target="_blank">report</a>that the lender was likely headed for receivership under the U.S. Federal Deposit Insurance Corporation (FDIC), worsening a rout that has wiped out 75% of the stock's value this week.

Reuters