There's a shocking similarity between the downfall of FTX and the implosion of Silicon Valley Bank, Fundstrat says

• The swift implosion of Silicon Valley Bank and FTX share a shocking similarity, according to Fundstrat's Tom Lee.
• Lee noted that in the digital era, panic could spread a lot faster than it did in the past.
• "The speed of failure of SIVB is stunning and enabled in a digital world," Lee said.

Silicon Valley Bank imploded in a matter of days, and its swift downfall highlights the speed at which panic can spread in the digital era, according to Fundstrat's Tom Lee.