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Crypto-friendly bank Silvergate delayed financial reporting, is analyzing "investigations"

Crypto-friendly bank Silvergate delayed financial reporting, is analyzing

Reports are circulating on niggles at another crypto institution. Niggles in the sense that FTX had niggles.

  • delayed its 10-K filing
  • stock price plunged by around a third (yeah correlation is not causation and all that, but a 30 odd precent collapse is not a random event)

Via a Silvergate filing on Wednesday, US time (the firm is based in California :

  • “The company is currently analyzing certain regulatory and other inquiries and investigations that ar... Read More
Posted: Mar 1 2023, 23:42
Author Name: forexlive
Views: 110888

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