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22 sats \ 1 reply \ @imreebs 11 Jan 2023 freebie \ on: River.com AMA bitcoin
Since you all hold our USD at Silvergate Bank. Is our USD in our River accounts safe in the event Silvergate Bank goes bankrupt?
Yes your USD is safe. We use Silvergate for payment processing but keep the vast majority of cash at other banks and we have a large cash treasury for the company we could draw from if necessary. In the event of cash being frozen at Silvergate we would be able to make clients whole just fine.
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