Filing Shows BlockFi Uninsured $227 Million in Silicon Valley Bank MMMF
BlockFi's capital allocated to the money market mutual fund is not FDIC insured, but the fund does not appear to be managed by Silicon Valley Bank.
![File shows BlockFi uninsured 227 million dollars in Silicon Valley Bank MMMF](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2023-03/9c1eceaa-97ad-41b4-8cf3-641d35f13ded.jpg)
![Filing Shows BlockFi Uninsured $227 Million in Silicon Valley Bank MMMF](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDMvOWMxZWNlYWEtOTdhZC00MWI0LThjZjMtNjQxZDM1ZjEzZGVkLmpwZw==.jpg?#)
BlockFi's capital allocated to the money market mutual fund is not FDIC insured, but the fund does not appear to be managed by Silicon Valley Bank.
![File shows BlockFi uninsured 227 million dollars in Silicon Valley Bank MMMF](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2023-03/9c1eceaa-97ad-41b4-8cf3-641d35f13ded.jpg)
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