[Silvergate Capital files for Chapter 11 bankruptcy protection in the U.S. Delaware Bankruptcy Court] Golden Finance reported that Silvergate Capital, the parent company of the crypto-friendly bank Silvergate, has filed for Chapter 11 bankruptcy protection in the U.S. Delaware Bankruptcy Court, with assets estimated to be between $100 million and $500 million and liabilities between $10 million and $50 million. The bankruptcy stems from the serious damage to the reputation of its subsidiary Silvergate Bank after liquidity problems and the collapse of the crypto exchange FTX. Silvergate previously had close ties with the crypto industry, but the company faced major challenges due to regulatory scrutiny sparked by the FTX scandal. The U.S. Securities and Exchange Commission (SEC) accused Silvergate of assisting FTX in fraudulent transactions and imposed heavy fines and restraining orders on its former executives. Silvergate has agreed to pay $63 million to resolve charges with the SEC, the Federal Reserve, and California regulators.