BlockFi still has cash access in spite of its significant holdings at collapsed California lender Silicon Valley Bank (SVB), a New Jersey bankruptcy court was told Monday.

In a Friday filing, the U.S Trustee said it had urged the bankrupt crypto lender to move $227 million in uninsured money market funds somewhere safer, in a week that that culminated in SVB being shuttered by California regulators.

The New Jersey bankruptcy court had banned BlockFi from investing in secondary financial markets, according to a filing by U.S. Trustee Andrew Vara made on Friday. In a series of letters starting Feb. 17, Vara, a Department of Justice official responsible for bankruptcy matters, urged the lender to shift the funds somewhere where it would be protected by a government guarantee from the Federal Deposit Insurance Corporation (FDIC).

Lawyers for BlockFi had sought to argue that the funds should stay where they were, as credit ratings were sound and the investment generated $10 million a year for the estate, Vara said.