Site%3apastebin.com+silicon+valley+bank: _verified_

This is where the Pastebin story gets juicy. According to the leaked chat logs, a junior associate at (a major VC) read the SEC filing. He saw the $1.8 billion loss. He didn't read the fine print about the back-up capital raise.

He texted his group chat: "SVB is insolvent. Pull your money now." site%3apastebin.com+silicon+valley+bank

Reply: "He is on a private jet to the Napa Valley office. He is not taking calls." This is where the Pastebin story gets juicy

March 9, 2023

Nobody replied to that message.

By 6:00 AM on March 9, CEO Greg Becker was on a call. He told investors, "We have ample liquidity. Don't panic." "We have ample liquidity. Don't panic."