Silvergate Financial News

21.01 / 13:21

Robinhood FTX Silvergate DOJ Fried Sam Federal Prosecutors Seize Sam Bankman-Fried Assets Worth $700m, Including Silvergate Bank Accounts

Federal authorities have confiscated approximately $700 million worth of assets belonging to the disgraced FTX founder Sam Bankman-Fried, including three accounts at Silvergate Bank that held U.S. dollars.

18.01 / 12:21

FTX Silvergate NOT Silvergate Loses $1 Billion But Stock is Up Because Numbers Show it is Not Going Bust Anytime Soon

Silvergate shares moved higher on Tuesday after the crypto bank assured investors it is taking steps to weather the FTX collapse despite posting a $1 billion loss in the last quarter of 2022.

05.01 / 17:33

FTX Silvergate crypto deposits Silvergate in Trouble: Crypto Bank Cuts Staff by 40% Amid a 68% Decline in Crypto Deposits

Trouble is brewing for crypto bank Silvergate as the company cuts staff by 40% and sells assets at a loss to cover $8.1 billion worth of customer withdrawals. Furthermore, the company's crypto-related deposits saw a 68% decline in the fourth quarter of last year.

06.12 / 17:35

Digital CEO Silvergate CEO of Crypto-Focused Bank Silvergate Addresses Insolvency Concerns – Here’s What He Said

The CEO of the crypto-friendly bank Silvergate, Alan Lane, has addressed concerns that the bank could be near insolvency, saying the bank has “a resilient balance sheet and ample liquidity.”

29.11 / 20:39

Twitter Platform Silvergate Nexo Following BlockFi Bankruptcy, This Company Just Revealed Its Exposure to the Firm – NEXO Next?

The crypto-friendly US-based bank Silvergate had less than $20m in exposure to the now-bankrupt US-based crypto lender BlockFi. But with yet another bankruptcy in the space, more people are now asking if Nexo – one of the last major crypto lenders still standing – will be the next to go down.

01.02 / 08:01

Facebook Silvergate Facebook's cryptocurrency venture to wind down after asset sale to Silvergate

Silvergate Capital Corp, Diem said on Monday, ending the tech giant's ambitious push to get its billions of users transacting in its own currency. Silvergate said in a separate statement that it had paid $182 million for Diem's intellectual property and other assets. The sale was the culmination of several years of struggle for Meta's fintech unit, which lost most of its leadership, including director David Marcus, amid an exodus of staffers in the fall.

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