Crypto Bank Silvergate Plunges After It Says Examining Viability, Delays Annual Report

Gunnar Larson g at xny.io
Wed Mar 1 15:29:08 PST 2023


Crypto Bank Silvergate Plunges After It Says Examining Viability, Delays
Annual Report
https://www.bloomberg.com/news/articles/2023-03-01/silvergate-says-annual-filing-delayed-as-it-reviews-controls


Cryptocurrency-friendly bank Silvergate Capital Corp. (SI) is studying
whether it’s still viable and reviewing its financial controls, following
the collapse of Sam Bankman-Fried’s FTX. The shares plunged as much as 25%.
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