Despite the challenges, Silvergate CEO Alan Lane highlighted that the company still believes in the digital asset industry.
over its FTX and Alameda dealings, has announced a $1 billion net loss attributable to common shareholders in the fourth quarter of 2022.
The company also pointed out that there's a"transformational shift" within the digital asset space and noted that a crisis of confidence throughout the ecosystem led customers to take a"risk off" position on crypto trading platforms.
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