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A Bank Run has caused USA Silvergate Bank to Collapse. It was initially believed that this was a Crypto related event however the USA has now seen more BANK RUNS and this has now caused the failure of a second bank Silicon Valley Bank. The failure of Crypto Exchange FTX has resulted in major CONTAGION throughout the whole of the Crypto sector as a result of losses incurred by Investors, Customers & other Crypto Businesses. The latest victim of this Contagion is SILVERGATE BANK that has now entered LIQUIDATION and the question is whether this will now spread across the whole Financial World.

For specific details please check out the CHAPTER list below.

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Chapters:
0:00 Intro
2:57 SILVERGATE
10:02 NISHAD SINGH
13:53 SAM BANKMAN-FRIED
17:49 BINANCE
20:47 SUMMARY & CONCLUSION

#ftx
#crypto
#silvergate
#blockfi
#fraud
#china
#Belt&Road
#globalrecession
#globalfinancialcrisis
#russia
#Evergrande
#China
#Recession
#Zhenro
#Bonds

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