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 bought over 1.6 million shares in struggling crypto-friendly bank Silvergate at the end of last year, filings show.