Silvergate shares fall as crypto bank reveals $8.1 billion drop in deposits
Customers withdrew $8.1 billion in deposits from Silvergate during a ‘crisis of confidence’ late last year, forcing the crypto-focused U.S. bank to sell assets and underscoring how the implosion of FTX has reached the regulated financial sector. The California-based group’s Thursday disclosure showing its digital asset customer deposits fell to $3.8 billion on December 31, …
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