Ripple Labs reveals some of its money is with Silicon Valley banks. “It remains financially strong,” CEO Brad Garlinghouse said in a tweet Sunday.
Ripple has been storing some of its cash reserves at now-failed Silicon Valley banks, according to Garlinghouse, but he declined to specify the amount owed.
Ripple is the latest crypto firm to comment on its ties to the Silicon Valley bank, which shut down Friday. Amid fears that large depositors could be affected Federal regulators say they are considering measures that would prevent the second-largest bank in U.S. history from bankruptcy. failed and triggered a wide-ranging crisis.
refer : LINK
The post Ripple CEO “Refuses” to Say How Much Funding trapped in Silicon Valley banks appeared first on Bitcoin Addict.