Crypto bank Silvergate’s ‘collywobbles’ could add to industry’s woes

Crypto bank Silvergate’s ‘collywobbles’ could add to industry’s woes

a year ago
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https://techcrunch.com/2023/03/09/silvergate-crypto-bank-problems/

Another massive crypto-centric firm bit the dust this week, leading some analysts to forecast bigger problems for the overall ecosystem.

Silvergate Capital, a publicly traded crypto bank, announced Wednesday that it would “wind down operations and voluntarily liquidate” its bank division.

Crypto bank Silvergate’s ‘collywobbles’ could add to industry’s woes

Mar 9, 2023, 5:40pm UTC
https://techcrunch.com/2023/03/09/silvergate-crypto-bank-problems/ > Another massive crypto-centric firm bit the dust this week, leading some analysts to forecast bigger problems for the overall ecosystem. > Silvergate Capital, a publicly traded crypto bank, announced Wednesday that it would “wind down operations and voluntarily liquidate” its bank division.