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