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Tag: Alan Lane

Silvergate CEO Alan Lane to Step Down Amid Bank’s Liquidation

Silvergate Bank’s CEO and two other key executives will leave their roles amid the firm’s ongoing liquidation proceedings. Photo...

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Silvergate Shuts Down Crypto Payments Network

Embattled banking institution Silvergate has closed down its crypto payments network, which once formed the backbone of institutional crypto transfers. “Effective immediately Silvergate Bank has...

Silvergate Bank Suffers Stock Loss, Mass Crypto Exits As Bankruptcy Looms

Advertisement &nbsp &nbsp Crypto’s favourite bank, Silvergate, is sailing through a problematic financial storm following a wave of partnership terminations and rumoured investigation linked...

Growing List of Crypto Companies Cutting Silvergate Ties

Companies throughout the digital assets industry distanced themselves from Silvergate Thursday after the crypto-friendly bank delayed the filing of its annual 10-K report with...

Feds, Senators Scrutinize Silvergate Bank Role in FTX Collapse

Crypto-friendly bank Silvergate is coming under increased scrutiny as the U.S. Department of Justice reportedly investigates the bank’s role in the collapse of the...

Silvergate Knew More About FTX Woes Than It Is Saying, US Senators Say

Join Our Telegram channel to stay up to date on breaking news coverage A group of US senators is seeking new details from Silvergate Capital...

US Senators Interrogate Silvergate on FTX Insider Knowledge

A cohort of the United States Senate is questioning crypto bank Silvergate about its knowledge of the FTX fraud, after finding responses to...

Silvergate suspends dividends to preserve ‘highly liquid balance sheet’

California-based crypto bank Silvergate has suspended dividend payouts to preserve its “highly liquid balance sheet.”In a Jan. 27 announcement, the firm stated that it...

Silvergate reports US$1 billion loss, attributes to “crisis of confidence” in crypto sector

U.S.-based cryptocurrency bank Silvergate Capital Corp., which saw clients withdraw more than US$8 billion late last year, on Tuesday reported a US$1 billion loss...

Crypto Bank Silvergate Capital Posts Staggering $1,000,000,000 Loss Last Quarter Due to Bear Market

A digital asset-friendly bank known for serving crypto firms is announcing tremendous losses from the last quarter of 2022. Silvergate Capital, which became a publicly...

Crypto Bank Silvergate Reports $1B Net Loss in Q4 Amid Industry’s ‘Crisis of Confidence’

Crypto bank Silvergate’s latest financials indicate the firm has been hit hard by the ongoing crypto crisis. The firm’s Q4 report indicated a $1 billion...

Silvergate reports $1B net loss in the fourth quarter of 2022

Silvergate Bank, which currently faces a class-action lawsuit over its FTX and Alameda Research dealings, has announced a $1 billion net loss attributable to...

Silvergate Reports $1B Deficit In Q4 2022

A class-action lawsuit is now being brought against Silvergate Bank because of its interactions with FTX and Alameda Research. Silvergate Bank has declared that...

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