Tag: SIlvergate

Silvergate Bet Everything on Crypto, Then Watched It Evaporate – Bloomberg

Silvergate Capital Corp. spent its final days under siege. Bombarded by shortsellers, deserted by depositors and shunned by business partners, executives at the crypto-focused bank were face-to-face with US regulators at its La Jolla, California headquarters. Officials from the Federal Deposit Insurance Corp. had arrived at the firm’s offices, intent on averting the US banking system’s first casualty from the…

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