Comment by ibains

are you serious? they invested in US Treasuries, the highest rated and the most conservative asset class.

Banks are in the business of lending money to home buyers, etc - how is loaning to the US Govt. criminal?

They have a cash crunch due to interest rate rise, and VC slowdown - bad risk management, but everything is above board.

Startup lines of credit should not happen from deposits, too risky an asset class