"1. Upload your KYC/KYB information"<p>"2. We generate a plan for your funds"<p>"3. Accept the plan and we start moving funds"<p>Does anybody want to guess what happens at step 4?
The SV/HN cycle is so funny.<p>1. First, half the HN front page is filled with SVB stories, because, reasons.
2. HN commenters instantly become experts on the capital structures of financial institutions. A bunch of people find out the basics of how banks work and get caught up in the current hysteria.
3. Someone makes an app.<p>Like clockwork.