Is Silicon Valley Bank a Victim of the Fed's Interest Rate Shock?

Silicon Valley bank is a liability sensitive outlier in a generally asset sensitive world. They locked the money up for 10 years at 1.56% meant that if rates went up and their customers started draining their accounts they would have to start selling bonds that would fall in value and show losses. So their bet was that the tech party would go on forever. There are more scandals in this story than there's even time to discuss.