Just weeks before regulators seized control of Silicon Valley Bank due to its inability to meet withdrawal demands, the bank had proudly made Forbes’s annual list of America’s Best Banks.
“Proud to be on @Forbes’ annual ranking of America’s Best Banks for the 5th straight year and to have also been named to the publication’s inaugural Financial All-Stars list,” the bank tweeted on Monday last week, ahead of collapsing on Friday and having to be taken over by the Federal Reserve.
Following its inability to meet withdrawal demands, Silicon Valley Bank has since deleted its Twitter account, and its website has been taken down.
“He is an ‘effective altruist’, which is sort of a Silicon Valley slant on philanthropy that relies on reason and data to do the most good in the world,” the story said.
Bankman-Fried, who had based FTX in the Bahamas, was extradited to the US to face criminal charges in a Manhattan court.
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