Silvergate Bank in troubles?

[dembe]

Crypto industry distances itself from Silvergate as bank collapses

Shares of Silvergate were down more than 50% on Thursday, a move that put the bank's future in question and had companies across the crypto industry seeking to distance themselves from the troubled firm.

finance.yahoo.com

 

[JohnnyDoe]

They rejected me in 2017, but of course they accepted FTX. 6 years later…

 

[void]

They rejected me in 2017, but of course they accepted FTX. 6 years later…

most probably because you didn't have this trustworthy innocent angel look...

 

[Martin Everson]

Crypto-focused bank Silvergate is shutting operations and liquidating after market meltdown​

Crypto-focused bank Silvergate is shutting operations and liquidating after market meltdown

Silvergate Capital said on Wednesday that it will wind down operations and liquidate its bank, which served the crypto industry.

www.cnbc.com

 

[csp dubai]

i think all this cripto money was managed by idiots

 

[JohnnyDoe]

Silvergate's email to me in 2017:

"I regret to inform you that your request for an account at Silvergate has been denied by our Compliance team. There are a number of potential factors that could have led to this decision. Unfortunately, it’s a bit of a ‘black box’ for me too. Considerations include operational risk, regulatory risk, reputational risk and compliance risks.

Thanks for your patience with this process, I wish that the outcome would have been different."