Source: Silvergate is in talks with FDIC officials about ways to avoid a shutdown, including lining up crypto-industry investors to help shore up its liquidity
Related Coverage
- Lessons from the disaster engulfing Silvergate Capital Coppola Comment · Frances Coppola
- Silvergate's Collapse May Spell Regulatory Trouble for Crypto CoinDesk · Nikhilesh De
- Silvergate reportedly talks with FDIC on ways to avoid shutdown Cointelegraph · Felix Ng
- Silvergate Reportedly Working Out a Rescue Plan with FDIC Officials Coinspeaker · Bhushan Akolkar
- Silvergate turns to US congress agency for help crypto.news · Ogwu Osaemezu Emmanuel
- Failing bank Silvergate and FDIC are discussing recovery plans CryptoSlate · Mike Dalton
- Silvergate in talks with FDIC officials on ways to salvage bank - Bloomberg News Reuters
Discussion
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@smdiehl
Stephen Diehl
on x
It's going great over in crypto land. They just triggered a bank failure. https://www.bloomberg.com/...
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@frances_coppola
Frances ‘Cassandra’ Coppola
on x
Bloomberg reports that Silvergate is now in talks with FDIC about resolution alternatives. We don't yet know whether it can continue in business. If not, depositors could take losses, as most of its deposits are above the FDIC insurance limit. https://www.bloomberg.com/... https:…
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@scottmelker
@scottmelker
on x
Bulls rejoice. https://twitter.com/...
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@napgener
@napgener
on x
Silvergate being salvaged? Good luck to the shorts who now need to cover 85% of the supply Aint no bankruptcy for you hunny https://twitter.com/...
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@caspiancey
Cas Piancey
on x
When you're thinking “how bad can things be?” All you have to hear is that anyone is trying to “salvage” your bank. https://twitter.com/...
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@frances_coppola
Frances ‘Cassandra’ Coppola
on x
“This is the story of a bank that put all its eggs into an emerging digital basket...while completely failing to understand the extraordinary risks involved with such a venture.” My post on the disaster engulfing #Silvergate Bank. https://www.coppolacomment.com/ ... (pic does not…