Silvergate Bank Suffers Run on Deposits as $8.1 Billion is Withdrawn - Will it Go Bust?

Home News Cryptocurrency Silvergate Bank Suffers Run on Deposits as $8.1 Billion is Withdrawn - Will it Go Bust?

By CryptoNews - 1 year ago - Reading Time: 1 minutes

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Silvergate Bank Suffers Run on Deposits as $8.1 Billion is Withdrawn - Will it Go Bust?

Silvergate Capital, a crypto-focused bank, suffered a bank run following the collapse of cryptocurrency exchange FTX, which forced the company to sell assets at a significant loss in order to honor $8.1 billion worth of customer withdrawals....
Read More: Silvergate Bank Suffers Run on Deposits as $8.1 Billion is Withdrawn - Will it Go Bust?

Original source: CryptoNews