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Crypto skeptic Peter Schiff-founded bank gets classified as insolvent by regulators - cryptozicryptozi.news/en/crypto-skeptic-peter-schiff-founded-bank-gets-classified-as-insolvent-by-regulators/
11 sats \ 1 comment \ @siggy47 3 Jul 2022 bitcoin
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0 sats \ 0 replies \ @k00b 3 Jul 2022
the bank’s capital supposedly negative $1.3 million by the end of the year 2020
They were shut down because they had net losses or just a loss? What confuses this more is there's a bunch of talk about regulations which seems orthogonal to being insolvent.
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