Near 50% fall in Silvergate’s shares over FTX exposure prompts survival doubts

Summary by The Guardian

The share price of cryptocurrency-focused US bank Silvergate plummeted by nearly 50% in early trading on Thursday after fresh revelations about the extent of its exposure to the collapse of crypto exchange FTX raised questions about its ability to survive.

Published 3 months ago · New York, United States

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The Guardian

Near 50% fall in Silvergate’s shares over FTX exposure prompts survival doubts

3 months ago·London, United Kingdom

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Reuters

Crypto bank Silvergate sinks after delaying annual report

Shares of Silvergate Capital Corp slumped 29% in premarket trading on Thursday, after the cryptocurrency-focused lender warned it was delaying its annual report and said it was evaluating its ability to operate as a going concern.

3 months ago·United Kingdom

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CNN

Silvergate Capital shares plunge as bank reveals doubts about its viability

Silvergate Capital, a dominant lender to cryptocurrency firms, is spiraling.

3 months ago·Atlanta, United States

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CNBC

Silvergate Capital shares drop 57% after the crypto bank delays its annual report

Silvergate said it is reviewing events since the end of last year that could impact "its ability to continue as a going concern."

3 months ago·United States

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KRDO

Silvergate Capital shares plunge as bank reveals doubts about its viability

By Allison Morrow, CNN Silvergate Capital, a dominant lender to cryptocurrency firms, is spiraling. The bank’s shares fell more than 55% Thursday after it told the Securities and Exchange Commission in a filing Wednesday night that it won’t be able to file its annual report on time and that it is evaluating its ability to stay in business. As its stock fell to a record low Thursday, the majority of Silvergate’s crypto clients, including Coinbase…

3 months ago·Colorado Springs, United States

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Channel News Asia

Silvergate slumps 28% after delaying annual report, warning about viability

Silvergate Capital shares plummeted 28 per cent late on Wednesday after the cryptocurrency-focused bank warned it was delaying its annual report and said it was evaluating its ability to operate as a going concern.Silvergate had been trying to ease investor concerns over its future after reporting a $1 bi

3 months ago·Singapore

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