• homesnatch@lemm.ee
    link
    fedilink
    English
    arrow-up
    5
    ·
    1 year ago

    One correction, SVB was not over-leveraged in crypto, they had too many government bonds when the interest rates went up, devaluing them.

    • s_s
      link
      fedilink
      English
      arrow-up
      2
      ·
      1 year ago

      That makes a lot more sense. Thank you.