Silvergate in crisis: Billions withdrawn, liquidations and losses mount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.
Silvergate lost nearly $1 billion in Q4 2022 alone as customers realized that FTX was once its biggest client.
Investors in Silvergate have lost almost everything after the company failed to protect FTX customer money from Alameda.
With a hawkish Fed and structural risks affecting crypto markets, short-sellers may feel they can short the industry’s weakest links.