steven on Nostr: Adding banks to the list of counterparties we avoided or had limited exposure to: ...

Adding banks to the list of counterparties we avoided or had limited exposure to:

Valkyrie never had exposure to SVB, Silvergate, nor First Republic Bank.

Have limited exposure (well under FDIC limits) to Signature (they were one of our redundancy measures)

And yes, I said First Republic. They are similar in scope to SVB, but better diversified. We will wait and see on that one...