Crypto-friendly bank Silvergate to wind down after FTX blow-up

Silvergate Capital Corporation, the holding company of crypto-focused Silvergate Bank, announced Wednesday its intent to wind down operations and voluntarily liquidate the banking unit. The move came days after Silvergate shocked the industry with news that it was facing a financial crisis. The institution, which was one of the few banks that acted as an … Continue reading Crypto-friendly bank Silvergate to wind down after FTX blow-up