Crypto Bank Silvergate Announces 'Voluntary Liquidation'
Summary by Ground News
Silvergate Capital announced on Wednesday that it will wind down operations and liquidate Silvergate Bank. The company’s stock is down more than 25% in after-hours trading.
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Crypto bank Silvergate announces liquidation amid sector turmoil
Wind-down and liquidation plan follows mass withdrawal of deposits after collapse of FTX exchange
Crypto-focused bank Silvergate plans to wind down following blow from FTX
Crypto-focused bank Silvergate Capital Corp said on Wednesday it planned to wind down operations and voluntarily liquidate after it was hit with losses following the dramatic collapse of crypto exchange FTX, sending its shares down 35% in after-hours trade.
Crypto-focused lender Silvergate said it is winding down operations and will liquidate the bank after being financially pummeled by turmoil in digital assets.
Crypto-focused bank Silvergate plans to wind down following blow from FTX
:Crypto-focused bank Silvergate Capital Corp said on Wednesday it planned to wind down operations and voluntarily liquidate after it was hit with losses following the dramatic collapse of crypto exchange FTX, sending its shares down 35 per cent in after-hours trade. The decision to shutter the bank comes afte
Crypto-Focused Bank Silvergate Collapses, Files Voluntary Liquidation Following Market Meltdown
Silvergate recently announced that it would delay its annual report submission on Form 10-K because of questions raised by independent auditors and accounting firms about its figures.