In a shocking turn of events, Signature Bank has shut down. The bank, which specialized in banking for crypto startups. With its collapse, crypto startups are now left scrambling for funding. “It’s a disaster,” said one startup founder. “We’re going to have to resort to setting up lemonade stands on the side of the road just to keep our company afloat.” Experts are advising startups to stay calm and explore other funding options. “There are other banks out there,” said one financial analyst. “Just don’t put all your eggs in one basket.” Only time will tell if these startups will sink or swim.
March 14, 2023