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BND: Strategy Room Bonus Episode - Update on failed Silvergate Bank
The Banker Next Door
10 minutes
3 weeks ago
BND: Strategy Room Bonus Episode - Update on failed Silvergate Bank
The SEC is continuing with charges against Ex-Silvergate Bank CFO. Silvergate Bank was the first bank to fail in the Spring Banking crisis of 2023. Silvergate was the main crypto bank in the country at that time and ran the Silvergate Exchange Network (SEN), which was the main rail system between the crypto world and the banking world. The failure of FTX in the fall of 2022 led to a run on deposits at Silvergate Bank.
