Silvergate Bank will halt operations and undergo liquidiation
The company did not say whether it plans to submit a bankruptcy filing.
CryptoSlateThe company did not say whether it plans to submit a bankruptcy filing.
CryptoSlateBlaming "recent industry and regulatory developments," crypto-friendly bank Silvergate announced today that it is winding down operations.
decryptAlso the Washington Commanders’ private-jet fees, Greenbrier’s private-jet fees, private-equity advisory boards’ luxury travel and LJIM/SJIM.
BloombergTwitter user Genevieve Roch-Decter, CFA, Grit Captial’s CEO, shared on her Twitter with regard to why the market is worried about Silvergate Bank.
TwitterThe bank facilitated $142 billion worth of transfers between crypto exchanges and financial institutions in the first quarter.
CointelegraphThe bank facilitated $142 billion worth of transfers between crypto exchanges and financial institutions in Q1.
Cointelegraph