Crypto Bank Silvergate Announces 'Voluntary Liquidation'

The Federal Deposit Insurance Corporation has taken over Silvergate Bank, which saw prominent customers abandon it and its stock price plunge after revealing it faced regulatory scrutiny and had to sell assets to pay off loans.

• 2023-03-09
• Silvergate Bank Silvergate Corp. The bank holding company Centerview Partners accounting firm announcement CoinDesk President Joe Biden

'Crypto Friendly' Bank Silvergate to Wind Down Operations

Citing regulatory headwinds and the bear market, Silvergate Capital announced it is shuttering Silvergate Bank.

• 2023-03-09
• Silvergate Capital The Bank Silvergate Exchange Network regulatory developments Silvergate bank regulators

Silvergate Capital will liquidate after crypto collapse wipes out bank

Silvergate said late Wednesday it would wind down operations after a run on the bank caused by crypto outflows led to mounting losses for the firm.

• 2023-03-09
• Silvergate Capital the bank The Company crypto market voluntary liquidation Silvergate liquidation plan