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Contagion fears emerge at crypto bank Silvergate Capital after FTX debacle
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Earlier this month, Silvergate Capital gathered its staff to celebrate its transformation into the go-to bank for the crypto market. Then, the crypto market blew up.
The collapse of crypto exchange FTX has raised questions about how close the bank was to the empire of Sam Bankman-Fried. The price of Silvergate's stock has been cut in half this month and is now down nearly 90% over the past year.
Silvergate...
Read more on fnlondon.comAbout this in other media
Solana-Based Decentralized Exchange Serum Now ‘Defunct’ After FTX and Alameda Implosion – Here’s What Happened cryptonews.com /2 years ago
Ethereum derivatives look bearish, but traders believe the ETH bottom is in cointelegraph.com /2 years ago
FTX reportedly used Alameda's bank accounts to process customer funds cointelegraph.com /2 years ago
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