[drinchev]

Wow. I hope this won’t spread further. Looking at DAX, Deutsche Bank shares dropped as well as HSBC.

When I first read the news, I thought about another hit for the crypto, however looking at what happens I’m a bit worried where will the avalanche reach next Monday.

Stay safe folks!

[cm2187]

Both DB and HSBC have an LCR of around 130% so in theory able to sustain a bank run (depending on the magnitude - I think LCR is calibrated on a post Lehman scenario).

[tejohnso]

Why wouldn't events like this reinforce the value of crypto as an alternative to traditional big bank big gov't currency? It's operated in a completely different way that isn't based on debt creation.

[dogma1138]

Because crypto doesn’t change anything, exchanges had liquidity issues and went under in the same way as SVB did…

Crypto isn’t magic its just a glorified balance sheet.

And today it’s even more complicated since you need to exchange crypto for actual money so there is another layer of liquidity risk.