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Silvergate Bank reported a $1 billion net loss attributable to common shareholders in Q4 2022. The FTX and Alameda Research class-action lawsuit is against the corporation. Silvergate CEO Alan Lane said the business still believes in the digital asset market and would keep its financial sheet liquid. (Read More)
In the statement, Lane also took the opportunity to "set the record straight” about its investment relationship with FTX and the firm's “robust risk management approach.”
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