'Crypto Friendly' Bank Silvergate to Wind Down Operations

Published on 8 Mar 2023 on Decrypt Media via Yahoo Finance

'Crypto Friendly' Bank Silvergate to Wind Down Operations

Blaming "recent industry and regulatory developments," crypto-friendly bank Silvergate announced today that it is winding down operations.

According to a Wednesday press release by Silvergate Capital Corporation, the holding company of Silvergate Bank, an orderly wind-down of Bank operations and a voluntary liquidation of the Bank is the best path forward.

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