Crypto Bank Silvergate Plunges After It Says Examining Viability, Delays Annual Report https://www.bloomberg.com/news/articles/2023-03-01/silvergate-says-annual-filing-delayed-as-it-reviews-controls
Cryptocurrency-friendly bank Silvergate Capital Corp. (SI) is studying whether it’s still viable and reviewing its financial controls, following the collapse of Sam Bankman-Fried’s FTX. The shares plunged as much as 25%.
