Here's what we are reading this morning:
BlockFi Is ‘Fine’ Despite $227 Million SVB Exposure, Lawyer Says - Bloomberg: BlockFi Inc. has ample access to cash and is in no immediate danger despite more than $200 million of exposure to failed Silicon Valley Bank, a lawyer for the bankrupt crypto lender said Monday.
DeFi Lender Euler Finance Hit By $197 Million Hack, Experts Say - Bloomberg:
FDIC Planning Another Silicon Valley Bank Auction - WSJ: The auction comes after a failed attempt to find a suitor on Sunday.