Silvergate Bank bites the dust; enters voluntary liquidation
Shortpedia
Content Team
Image Credit: bloomberg
Silvergate Bank finally bit the dust. The crypto-friendly bank, which has been struggling after the FTX scandal, is being shut down. The bank's holding company, Silvergate Capital, announced the decision to voluntarily liquidate the bank's operations. On March 1, the company had told investors it was assessing its ability to continue as a "going concern."
