Silvergate Capital files for Chapter 11 bankruptcy in Delaware
The parent company of Silvergate Bank has listed assets ranging from $100 million to $500 million and liabilities between $10 million and $50 million.
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The parent company of Silvergate Bank has listed assets ranging from $100 million to $500 million and liabilities between $10 million and $50 million.
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The post Gate Ventures partners with Abu Dhabi Blockchain Center for $100 million Web3 fund appeared first on CryptoSlate.
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On July 26, 2024, the Federal Reserve Board stated that Silvergate Bank and the Silvergate Capital Corporation would not be subject to any further enforcement actions. The notice states that the board’s enforcement action was halted since Silvergate was able to wind down its activities, reimburse clients, and cease to
Silvergate Bank, a former crypto-friendly bank, collapsed in March 2023 due to the fallout created by the implosion of the FTX exchange.
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Enforcement director Gurbir Grewal said Silvergate allegedly failed to detect nearly $9 billion in suspicious transfers among FTX and its related entities.
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