Multiple partners of the bank, including high-profile firms like Coinbase Global Inc and Galaxy Digital, severed ties with Silvergate last week. (Reporting by Manya Saini and Anirban Chakroborti in Bengaluru; Editing by Maju Samuel)
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March 8 (Reuters) - Crypto-focused bank Silvergate
Capital Corp said on Wednesday it planned to wind down
operations and voluntarily liquidate.
The decision comes after the company flagged risks to
its ability to continue operating as a going concern earlier
this month, fanning liquidity concerns that sparked a rout in
the crypto market.
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