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In just a week, crypto-friendly banks have fallen completely, what does this mean～
#SVB #Silvergate #P3PO #BTC
#SVB #Silvergate #P3PO #BTC
**Breaking News! 🚀**
Silvergate Capital Corporation, the parent company of Silvergate Bank, has filed for Chapter 11 bankruptcy in Delaware.
- **Assets and Liabilities:** Between $100M and $500M in assets and $10M to $50M in liabilities.
- **Reorganization Plan:** Full payment of priority debts; discharge of claims related to common stock.
- **Context:** The bankruptcy comes 18 months after shutting down operations due to liquidity issues and regulatory scrutiny following the fall of FTX.
What do you think about the future of crypto-friendly banks? Comment below!
Silvergate Capital Corporation, the parent company of Silvergate Bank, has filed for Chapter 11 bankruptcy in Delaware.
- **Assets and Liabilities:** Between $100M and $500M in assets and $10M to $50M in liabilities.
- **Reorganization Plan:** Full payment of priority debts; discharge of claims related to common stock.
- **Context:** The bankruptcy comes 18 months after shutting down operations due to liquidity issues and regulatory scrutiny following the fall of FTX.
What do you think about the future of crypto-friendly banks? Comment below!
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