Yeah, the FDIC stepped in to make sure depositors are whole and this outraged so many people that they're throwing their money into bitcoin because they can't stand the thought that their money wouldn't be at risk of disappearing into a void. Since the people who stored money in SVB should have done their own risk assessment of the banks finances they're going to ship their own money to some shady offshore exchange with zero public financial information. It makes perfect sense if you think about it.
