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%.
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Will crypto-friendly bank Silvergate file for bankruptcy this weekend?
Publicly traded Silvergate might file for bankruptcy soon. Major customers are terminating their accounts and withdrawing billions.
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.
Citadel Securities discloses hefty stake in struggling Silvergate
Citadel Securities bought over 1.6 million shares in struggling crypto-friendly bank Silvergate at the end of last year, filings show.
Silvergate in crisis: Billions withdrawn, liquidations and losses mount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.
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