Metaverse gaming platform Roblox announced that they had failed to successfully withdraw $150 million in company funds before Silicon Valley Bank went bankrupt. However, Roblox stated that as of February 28, 2023, only about 5% of Roblox Corporation’s total cash and securities balance of US$3 billion was held by Silicon Valley Bank. Therefore, regardless of the final outcome and the processing time, Silicon Valley Bank’s None of the circumstances will affect the company's day-to-day operations.

According to the latest news, Roblox will be able to recover all $150 million of company funds it holds in Silicon Valley Bank in the future due to the intervention measures taken by the US government to protect depositor accounts. (Nftevening)