Silvergate sold assets at loss and cut staff to cover $8.1B in withdrawals: Report

Retrieved on: 2023-01-05 17:29:32

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Silvergate sold assets at loss and cut staff to cover $8.1B in withdrawals: Report. View article details on HISWAI: https://cointelegraph.com/news/silvergate-sold-assets-at-loss-and-cut-staff-to-cover-8-1b-in-withdrawals-report

Excerpt

Silvergate Bank canceled a plan to launch its own digital currency, writing off the $200 million it paid to acquire technology developed by ...

Article found on: cointelegraph.com

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