Silvergate Capital Bankruptcy: The Shocking Collapse of a Crypto-Friendly Bank

Quick Summary:

The company has filed for bankruptcy in order to pay its creditors.

The story of Silvergate Capital, especially its rise and fall, has a close connection with the turbulent journey of the crypto sector.

The period between 2019 and 2021 is regarded as a golden period for the bank, as during that time its deposits grew sharply from $1.8 billion to $14.3 billion.

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Article Details

Author / Journalist: Vignesh S G

Category: Crypto

Markets: United States

Topics: News Crypto news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-19 @ 10:12:31 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 483 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 22591403

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Main Topics: Crypto

Official Website: coinpedia.org

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Year Established: 2016

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #112

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