Silvergate Bank Faces Class-Action Suit Over FTX and Alameda Research
U.S. resident Joey Gonzalez filed a class-action lawsuit against Silvergate Bank over the alleged role in transferring FTX users' deposits to Alameda Research accounts.Silvergate Bank is a financial institution known for its services to the cryptocurrency industry.
Silvergate Bank Faces Class-Action Suit Over FTX and Alameda Research
U.S. resident Joey Gonzalez filed a class-action lawsuit against Silvergate Bank over the alleged role in transferring FTX users' deposits to Alameda Research accounts.
Silvergate Capital reveals BlockFi deposit exposure under $20 million
Client deposits held by Silvergate Capital on BlockFi accounts do not exceed $20 million, and the lending platform itself is not participating in the SEN Leverage program. The crypto bank said in a statement.
Block.one and its CEO acquired 16.8% of Silvergate Capital’s shares.
Block.one, the EOS network-launching company, and its co-founder Brendan Blumer acquired 9.3% and 7.5% of the shares in the crypto-friendly bank Silvergate Capital, respectively.
Marathon to secure a $100 million revolving credit line from Silvergate Capital
The mining company Marathon Digital Holdings has agreed to open a $100 million revolving credit line from Silvergate Capital secured by Bitcoin.
Silvergate Capital posts 84% rise in net income
Net income for the digital-asset-friendly bank Silvergate Capital for Q2 2022 was $38.6 million (+84% year-over-year).
Silvergate Capital acquires Meta’s Diem stablecoin project.
Diem Association announced the sale of Silvergate Capital Corporation's intellectual property and other assets related to the operation of Meta's Diem payments network.
Media: Silvergate Capital to acquire Meta’s Diem project for $200 million
Silvergate Capital agreed to acquire for $200 million the assets of the Diem project (formerly Libra).
Crypto companies’ deposits at Silvergate Bank reach $13.8 billion
In Q4 2021, the digital-asset-friendly bank Silvergate took in $2.1 billion in deposits from cryptocurrency companies, with the average total reaching $13.3 billion.
Crypto firms’ deposits at Silvergate Bank reach $11.8 billion
In the second quarter of 2021, the digital-asset-friendly Silvergate Bank accepted $4.3 billion in deposits from cryptocurrency companies, with their average balance standing at $9.9 billion. The majority of the funds (about $2.4 billion) came from Bitcoin-exchange clients.We use cookies to improve the quality of our service.
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