I'm copy/pasting a commend I made elsewhere, but I'm not sure this is the case.

> I worked at a startup that took in over $100m in investment, and I was curious so I asked the cofounder how they protected that. According to him the money was divided up into chunks smaller than $249k, pushed off to a custom entity made just for the purpose, and then invested in bonds or CDs on a rotating basis.

Basically if you have a ton of money having it sit in a bank account is one of the worst things you could do with it, so most people who bring in a lot mostly just keep operational expenses in their bank account while leaving the rest of the money in other financial instruments.

Probably just a haircut. How much nobody knows yet, but according to the FDIC release, 3 months ago they actually had $209B of assets, so it's not a FTX-like 'oops we accidentally your money' scenario.

The "bad bank" (SVB) will be liquidated and the proceeds distributed to the creditors. How much that will be for depositors won't be clear until that process occurs.

250k on march 13th. The rest of the account will be released as the FDIC sells the banks assets, which will probably take months.

$250k is guaranteed by FDIC insurance.

The rest is limbo until the bank is liquidated and the remaining money is distributed.