According to TechFlow, according to documents filed with the U.S. Securities and Exchange Commission, the collapsed crypto bank Silvergate CEO and President Alan Lane and Chief Legal Officer John Bonino resigned on August 15, and Chief Financial Officer Antonio Martino will resign on September 30. The three executives will receive severance pay, but will no longer receive compensation from the company. Earlier in March, Silvergate announced that it would liquidate the bank and downsize its business.
Silvergate Chief Risk Officer Kathleen Fraher will take over as "chief transition officer" following Lane's departure, and Chief Accounting Officer Andrew Surry will perform the duties of chief financial officer, the filing said.