A year on from the US regional banking crisis, what’s changed?
It's becoming clearer by the day that the regional banking crisis of 2023 didn’t end when the calendar year turned over.
Read more (3 min) →Results for Spotlight, Silvergate
6 stories, newest first
Binance controlled its US arm’s bank accounts for two years: Reuters
Bank records and company DMs reveal that Binance US had no control over its own bank accounts held at Silvergate between 2019 and 2020.
Crypto banking giant Silvergate is no more following NYSE delisting
Before Silvergate Bank closed, Block.One founder, Brendan Blumer, Citadel, and Cathie Wood’s ARK Invest all made doomed attempts to save it.
Block.One founder Brendan Blumer lost over $70M on Silvergate
Brendan Blumer of EOS and Block.One fame invested over $90 million in Silvergate right before it collapsed 80%.
Silvergate warns investors it may not survive the year, shares drop 30%
Silvergate informed investors it won't file its 2022 fiscal report on time due to last-minute payments that have put its future in jeopardy.
— FTX, Silvergate
Silvergate in crisis: Billions withdrawn, liquidations and losses mount
Silvergate lost nearly $1 billion in Q4 2022 alone as customers realized that FTX was once its biggest client.