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Silvergate hit with another class action suit, this time for securities law violations
11.1.2023
According to allegations, the company and its executives knowingly misled investors with positive statements despite accusations involving money laundering and tanking share prices
SBF pleads not guilty, crypto layoffs, and bank run on Silvergate: Hodler’s Digest, Jan. 1-7
7.1.2023
Report: Confirmation of Silvergate’s $8 Billion Deposit Plunge Sees Stock Price Drop by More Than 40%
6.1.2023
The price of the crypto-focused bank Silvergate Capital’s shares fell by over 40% after it reported a more than $8 billion drop in customer deposits. The share price plunge came just days after U.S. prosecutors reportedly seized collapsed crypto exchange FTX’s accounts held at the bank....
Silvergate gets more bad news as Moody’s slashes its ratings
6.1.2023
The beleaguered bank was allegedly moving money between FTX and Alameda; then it sold debt at a discount and sacked employees after a bank run
JPMorgan Downgrades Silvergate Capital After 4Q Results, Shares Slump
6.1.2023
The Wall Street bank cut the stock to “neutral” from “overweight” and slashed its price target to $14 from $30
Silvergate Bank Suffers Run on Deposits as $8.1 Billion is Withdrawn - Will it Go Bust?
6.1.2023
Silvergate Capital, a crypto-focused bank, suffered a bank run following the collapse of cryptocurrency exchange FTX, which forced the company to sell assets at a significant loss in order to honor $8.1 billion worth of customer withdrawals....
Read More: Silvergate Bank Suffers Run on Deposits...
MicroStrategy, Marathon Digital Shares Fall Amid Crypto Bank Silvergate's Woes
5.1.2023
Silvergate also cut 40% of its staff and has written off the $196 million related to its Diem acquisition
Bitcoin Miner Marathon Digital Pays Off Silvergate Revolving Credit
5.1.2023
Silvergate today announced it was cutting down 40% of staff, amid major outflows from its platform
Today in Crypto: Crypto Hackers & Fraudsters Stole $1.62 Billion in Q4 Alone, Silvergate Cuts 40% of Workforce, US SEC Brings Charges in CoinDeal Investment Scheme
5.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Crypto Hackers & Fraudsters Stole $1.62 Billion in Q4 Alone, Silvergate Cuts 40% of Workforce, US...
Silvergate in Trouble: Crypto Bank Cuts Staff by 40% Amid a 68% Decline in Crypto Deposits
5.1.2023
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.
According to a Thursday report by...
Silvergate sold assets at loss and cut staff to cover $8.1B in withdrawals: Report
5.1.2023
Silvergate has reportedly laid off 200 members of its staff, which is around 40% of its total number of employees
Silvergate Cuts 40% Jobs, Writes Off Diem Asset Acquisition
5.1.2023
The crypto-focussed bank is writing off its acquisition of Diem's assets
Today in Crypto: Indonesia to Launch Crypto Exchange, India's Exchanges Lost 81% of Trading Volume, UK’s National Crime Agency Forming a 'Crypto Cell'
4.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Indonesia to Launch Crypto Exchange, India's Exchanges Lost 81% of Trading Volume, UK’s National Crime...
Silvergate faces class-action lawsuit over FTX and Alameda dealings
16.12.2022
The suit is looking to hold Silvergate accountable for its alleged roles in transferring FTX user deposits to Alameda bank accounts
Silvergate Shares Drop to Fresh 2-Year Low Amid FTX Testimony
13.12.2022
The crypto-friendly bank announced earlier this month that it was a “victim” of the failed crypto exchange
Today in Crypto: PayPal to Expand its Crypto Service to Luxembourg, ByBit Integrates ApeX Pro DEX, Nomad Preparing Relaunch
8.12.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: PayPal to Expand its Crypto Service to Luxembourg, ByBit Integrates ApeX Pro DEX, Nomad Preparing Relaunch
3 reasons why Ethereum price keeps rejecting at the $1,300 level
6.12.2022
Traders are not sure if ETH will be able to hold the $1,200 level while the S&P 500 rapidly approaches the crucial 3,900 support and ETH derivatives data hints at more downside
US lawmakers request answers from Silvergate over ties to FTX: Report
6.12.2022
Three senators said they were concerned about Silvergate following reports suggesting that the bank "facilitated the transfer of FTX customer funds to Alameda."
Crypto Bank Silvergate Slides Further After Letter from US Sen. Warren
6.12.2022
Senator Elizabeth Warren (D-Mass) and two GOP senators have asked crypto-friendly bank Silvergate (SI) for answers over its supposed role in facilitating transfers between bankrupt exchange FTX and its sister firm Alameda Research, NBC reported Tuesday
CEO of Crypto-Focused Bank Silvergate Addresses Insolvency Concerns – Here’s What He Said
6.12.2022
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.”
The statement from the CEO was made in a public letter published on Monday, where Lane made it clear that...