Is Silicon Valley Bank a good investment for crypto companies?

As the fallout from the stunning collapse of Silicon Valley Bank (SVB) plays out, numerous crypto companies have signaled their exposure to the bank, which long maintained a reputation as one of the most prominent lenders to tech startups in the world.

Why did Silicon Valley Bank collapse?

At Silicon Valley Bank, which is known for serving the tech and startup industries since its founding 40 years ago, the withdrawal of large cryptocurrency deposits added to the fear fueling the bank run that ended in the bank's collapse Friday.

Is Silicon Valley Bank FDIC insured?

The embattled digital asset lender disclosed in a filing last week that it had $227 million tied up in Silicon Valley Bank. The money is not FDIC insured because it is in a money market mutual fund, according to a tweet from New York Times reporter Lauren Hirsch.