Silvergate Bank decides to liquidate its assets and close shop The bank claims it will make full repayment on deposits The cryptocurrency market sees another player close business. Silvergate Bank, the troubled crypto-focused bank, has decided to cease operations and liquidate its assets. In an announcement made today, Silvergate Captial Corporation – the parent company […]
The bank claims it will make full repayment on deposits
“The Company is also considering how best to resolve claims and preserve the residual value of its assets, including its proprietary technology and tax assets.”
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