Silvergate reviews $1B secure loss within the fourth quarter of 2022

Silvergate reviews $1B secure loss within the fourth quarter of 2022

Silvergate Bank, which at the second faces a category-motion lawsuit over its FTX and Alameda Examine dealings, has introduced a $1 billion secure loss attributable to trendy shareholders within the fourth quarter of 2022.

In a narrative printed by the US Securities and Change Commission (SEC), the digital asset bank highlighted that it seen famous outflows of deposits within the leisure quarter of 2022 and made actions to preserve money liquidity, including wholesale funding and promoting debt securities.

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