Silvergate News

Martin Gruenberg is set to exit as FDIC chair, with Representative Tom Emmer blasting him as “an architect of Operation Chokepoint 2.0.”

The parent company of Silvergate Bank has listed assets ranging from $100 million to $500 million and liabilities between $10 million and $50 million.

Silvergate Bank, a former crypto-friendly bank, collapsed in March 2023 due to the fallout created by the implosion of the FTX exchange.

Enforcement director Gurbir Grewal said Silvergate allegedly “failed to detect nearly $9 billion in suspicious transfers among FTX and its related entities.”

A federal judge struck down Silvergate’s dismissal bid of a lawsuit claiming it aided fraud at FTX, saying the allegations were adequate to proceed.

An investigation into Silvergate Bank found that its collapse was brought about by a dependency on crypto deposits and “ineffective” senior management.

Silvergate is losing CEO Alan Lane and two other top executives as part of an ongoing wind-down of the once crypto-friendly bank.

Binance’s depleting USDC reserves has become a hot topic in the crypto ecosystem, especially after Coinbase CEO’s quip during the company’s Q2 earning call.

Stablecoins could help crypto firms to remove themselves from the banking system — and prevent the U.S. government from cutting off their financial lifelines.

Silvergate Capital Corporation and its crypto-friendly bank will have 10 days to submit a self-liquidation plan in compliance with California and federal requirements.

The parent company of the defunct Silvergate Bank disclosed significant staff cuts and the delisting of its securities in an SEC filing.

The chief investment officer of J.P. Morgan Asset Management said it would be “naive to say that this is just limited to First Republic.”

Internal reviews of the supervision of Silicon Valley Bank and Signature Bank have been released, showing weaknesses on the part of the banks’ regulators as well as management.

The CEO of Gemini says things would’ve been handled differently if First Republic was a "crypto" bank.

Plaintiffs seeking damages from Silvergate’s collapse have joined forces via their respective lawsuits.