Trouble Grows For Silicon Valley Bank As Shareholders File Lawsuit
Tecnología Crecen los problemas para Silicon Valley Bank a medida que los accionistas presentan una demanda Hace 15 minutos Noticias de Bitcoin Ethereum In the midst of the ongoing crisis, recent reports suggest that a number of shareholders have initiated legal action against the Banco de Silicon Valley, its parent corporation and several of the banks management. The proposed class action lawsuit was filed in federal court in San Jose, California against SVB, CEO Greg Becker, and CFO Daniel Beck. Silicon Valley Bank Sued By Investors The lawsuit would most likely be one of the first to be filed in court after California regulators closed the bank on March 10. This led to the catastrophic de-pegging of one of cryptos largest stablecoin by market cap, as USD Coin (USDC) gradually started deviating from its $1 value. This occurred in response to reports that Circle had more than $3 billion worth of reserves trapped at the financial institution. At the time of writing, precio de USDC was currently exchanging hands at $0.99 at a market cap of $39 billion. According to the lawsuit, the shareholders alleged that SVB, Becker and Beck withheld information about the companys interest rates, which made the firm “particularly susceptible” to a bank run