Will crypto-friendly bank Silvergate file for bankruptcy this weekend?
Publicly traded Silvergate might file for bankruptcy soon. Major customers are terminating their accounts and withdrawing billions.
Cryptocurrency news by Protos · Protos
Audio is streamed directly from the publisher (sphinx.acast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Investors are worried that Silvergate might file for bankruptcy protection soon. Long-time critic and short-seller Marc Cohodes predicts the bankruptcy filing could arrive before Monday and that its CEO Alan Lane should face federal charges.
The publicly traded bank has delayed the release of its 2022 annual report. It admitted a “going concern” regarding its ability to survive financially. Silvergate has requested an extension of time from the Securities and Exchange Commission (SEC) in order to evaluate “internal controls over financial reporting.”
Hosted on Acast. See acast.com/privacy for more information.