您现在的位置是:Silvergate stock just crashed again: explore why >>正文
Silvergate stock just crashed again: explore why
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛244人已围观
简介Silvergate Capital Corp says it has decided to wind down operations.The crypto company will liquidat...
- Silvergate Capital Corp says it has decided to wind down operations.
- The crypto company will liquidate the Silvergate Bank as well.
- Silvergate stock is now down close to 75% versus the start of 2023.
Shares of Silvergate Capital Corp (NYSE: SI) crashed about 40% in extended hours on Wednesday after the crypto bank confirmed that it has decided to wind down operations.
Silvergate to liquidate the ‘Bank’ as well
The announcement arrives about a week after Silvergate Capital Corp delayed the submission of its annual 10-K report. In a press release today, it also revealed plans of liquidating the Silvergate Bank.
In light of recent industry and regulatory developments, Silvergate believes that an orderly wind down of Bank operations and a voluntary liquidation of the Bank is the best path forward.
The California-based company has been struggling for a while and opted to lower its headcount by 40% in January. Versus the start of the new year, Silvergate stock is now down close to 75% at writing.
Silvergate discontinues its crypto-payments network
Silvergate Capital Corp has picked Centerview Partners LLC as its financial advisor while Cravath, Swaine & Moore LLP will act as its legal advisor through the process. The press release also reads:
Bank’s wind down and liquidation plan includes full repayment of all deposits. The Company is also considering how best to resolve claims and preserve the residual value of its assets.
Last week, the crypto company discontinued one of its core offerings – the Silvergate Exchange Network (SEN) but clarified that its other deposit-related services were still operational.
Silvergate currently has more than $11 billion in total assets. It’s the only crypto bank other than its bigger rival Signature Bank that has over $114 billion instead.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/57925.html
相关文章
BTC and ETH will reach new all
Silvergate stock just crashed again: explore whyBitcoin and Ether are down by more than 40% from the all-time highs they attained six months ago.Cel...
阅读更多
SafeFloki is up 576% in 24 h: Top places to buy SafeFloki
Silvergate stock just crashed again: explore whyThe live SafeFloki price today is $1.76e-10 with a 24-hour trading volume of $68,853. Its price surg...
阅读更多
2cm long? Shape
Silvergate stock just crashed again: explore whyBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.Shape-cha...
阅读更多
热门文章
- Researchers use automated experiments with AI to boost drug development
- Is the Moon doomed? The challenge of the Lunar Anthropocene
- French hospital trials 'socially assistive' robots to help the elderly
- Researchers developed a robotic sensory system that can identify textures
- This 'ANYmal' robot can operate with a 198 lbs payload
- Binance seals crypto partnership with Brazil's soccer federation