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.
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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) →Bank records and company DMs reveal that Binance US had no control over its own bank accounts held at Silvergate between 2019 and 2020.
Before Silvergate Bank closed, Block.One founder, Brendan Blumer, Citadel, and Cathie Wood’s ARK Invest all made doomed attempts to save it.
Although banks had minimal crypto exposure, panicked clients pulled out funds and sealed the fate of SVB, Silvergate, and Signature Bank.
CryptoUK says a list of safe firms is just one of a number of measures the government can take to prevent exchanges from being de-banked.
Brendan Blumer of EOS and Block.One fame invested over $90 million in Silvergate right before it collapsed 80%.
Publicly traded Silvergate might file for bankruptcy soon. Major customers are terminating their accounts and withdrawing billions.
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.
Citadel Securities bought over 1.6 million shares in struggling crypto-friendly bank Silvergate at the end of last year, filings show.
— FTX, Silvergate
Silvergate lost nearly $1 billion in Q4 2022 alone as customers realized that FTX was once its biggest client.