News Explorer — 'Crypto Friendly' Bank Silvergate to Wind Down Operations

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Mar 8, 10:17 pm

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'Crypto Friendly' Bank Silvergate to Wind Down Operations

Silvergate Capital Corporation announced today that it is winding down operations due to recent industry and regulatory developments. The plan includes full repayment of all deposits and the consideration of how best to resolve claims and preserve the residual value of its assets. The Bank is liquidating in an orderly manner and in accordance with applicable regulatory processes.

Silvergate Capital Corporation announced today that it is winding down operations due to recent industry and regulatory developments. The plan includes full repayment of all deposits and the consideration of how best to resolve claims and preserve the residual value of its assets. The Bank is liquidating in an orderly manner and in accordance with applicable regulatory processes.

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