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Silvergate faced 8 billion dollars in crypto withdrawals

Bang Tech News

1 Views • Jan 09, 2023

Description

US bank Silvergate faced $8 billion in crypto withdrawals amid warnings from regulating bodies within the financial sector after the crashing of the fund FTX, whose founder Sam Bankman-Fried pled not guilty to fraud and money laundering.

Keywords & Tags

#Alan Lane #Sam Bankman-Fried #Silveragate #FTX #The US Federal Reserve #Federal Deposit Insurance Corporation #the Office of the Comptroller of the Currency

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