Moonbirds' parent company PROOF: Holds cash at Silicon Valley Bank but has diversified its assets

ChainCatcher news, the NFT project Moonbirds' parent company PROOF tweeted that they have seen the news about the Silicon Valley Bank collapse. Whether in good times or bad, the most important thing is to communicate proactively and transparently with the community. In the spirit of transparency, PROOF confirms that they hold cash at Silicon Valley Bank, but fortunately, PROOF has diversified its assets, including ETH, stablecoins, and fiat currency—therefore, there are no financial or operational issues.

PROOF is currently actively addressing this matter and the concerns of users affected by the closure of Silicon Valley Bank, but PROOF assures users: although the news about Silicon Valley Bank is bad, it will not affect user wallets or PROOF's roadmap. This situation will not change the plans or commitments shared with the community last week, and users will continue to access new products as scheduled. As the situation develops, PROOF will remain committed to transparency with users. (source link)