Silvergate Bank Stock Plunges After Report of DOJ Investigation Into Ties With FTX and Alameda
Silvergate shares have seen a sharp drop in pre-market trading following the news that US officials have launched a probe into the crypto bank's dealings with fallen crypto giants FTX and Alameda Research.
Silvergate Capital Announces the Suspension of Series a Preferred Stock Dividends
Silvergate Capital, the parent company to the crypto bank Silvergate, has announced it will be suspending Series A preferred stock dividends as it hopes to restructure following heavy loses and FUD surroundings its exposure to several now defunct crypto entities.
Silvergate Received a $4.3B Bailout After FTX Collapse
Silvergate Bank received $4.3 billion from the San Francisco-based Federal Home Loan Bank last year, following the collapse of crypto exchange FTX, according to the firm’s Q4, 2022 flings.
Silvergate Faces Class-Action Lawsuit Over FTX and Alameda Dealings
A class-action lawsuit against Silvergate Bank, Silvergate Capital Corporation and Silvergate CEO Alan Lane was filed at the California Southern District Court concerning accounts held by embattled crypto companies FTX and Alameda Research.
