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Tag: Alan Lane

Silvergate Bank Undergoes Executive Departures Amidst Wind-Down

As Silvergate Bank navigates its winding-down phase, its CEO Alan Lane and two key executives are poised to step down from their roles. This...

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​​Silvergate to Wind Down Operations in ‘Voluntary Liquidation’

Distressed crypto-friendly bank Silvergate has decided that liquidation is the best path forward.In a Wednesday press release, Silvergate announced its intent to wind down...

Silvergate Shuts Down Crypto Payments Network

Embattled banking institution Silvergate has closed down its crypto payments network, which once formed the backbone of institutional crypto transfers. “Effective immediately Silvergate Bank has...

Growing List of Crypto Companies Cutting Silvergate Ties

Companies throughout the digital assets industry distanced themselves from Silvergate Thursday after the crypto-friendly bank delayed the filing of its annual 10-K report with...

Silvergate Bank as defendants in a proposed class-action lawsuit from an FTX user

In a newly proposed class-action lawsuit, Silvergate Bank and its CEO Alan Lane have been accused of “aiding and abetting” a “multibillion-dollar fraudulent scheme...

Crypto Biz: Celsius, FTX feel investors’ wrath as lawsuits multiply

The stunning collapses of Celsius and FTX destroyed many lives — early adopters who had the foresight to understand the unique value propositions of...

Board Member of Crypto-Friendly Silvergate Bank Leaves for Polygon

A member of Silvergate’s board of directors resigned Thursday, the crypto-friendly bank disclosed in a recent filing with the Securities and Exchange Commission (SEC).Rebecca...

Feds, Senators Scrutinize Silvergate Bank Role in FTX Collapse

Crypto-friendly bank Silvergate is coming under increased scrutiny as the U.S. Department of Justice reportedly investigates the bank’s role in the collapse of the...

U.S Senators Grill Silvergate Over Ties With FTX

Three U.S Senators have written to crypto bank Silvergate’s parent firm Silvergate Capital. The Senators are demanding clarity about the relationship between Silvergate and...

US Senators: Silvergate ‘Further Introduced’ Crypto Risk Into Traditional Banking

American lawmakers have more questions for the embattled crypto bank Silvergate.In a new letter to the firm's CEO Alan Lane, three U.S. senators allege...

US Senators Interrogate Silvergate on FTX Insider Knowledge

A cohort of the United States Senate is questioning crypto bank Silvergate about its knowledge of the FTX fraud, after finding responses to...

Silvergate suspends dividends to preserve ‘highly liquid balance sheet’

California-based crypto bank Silvergate has suspended dividend payouts to preserve its “highly liquid balance sheet.”In a Jan. 27 announcement, the firm stated that it...

Crypto Bank Silvergate Capital Posts Staggering $1,000,000,000 Loss Last Quarter Due to Bear Market

A digital asset-friendly bank known for serving crypto firms is announcing tremendous losses from the last quarter of 2022. Silvergate Capital, which became a publicly...

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