Silvergate Bank, which specializes in service to fintech and crypto clients including failed crypto exchange FTX and its sister hedge fund Alameda Research, published a letter from its CEO to reassure...
Tag: Crypto Banks
Silvergate Capital reports less than $20 million in BlockFi deposit exposure
Crypto bank Silvergate Capital said that less than $20 million of its total deposits from crypto customers come from lender BlockFi, adding that it has “minimal” exposure to the company no...
Jump Crypto, Polygon Ventures, GSR contribute to Binance’s $1 billion recovery fund
Binance’s industry recovery fund, to which it’s already contributed $1 billion, has attracted some big names early on including Jump Crypto, Polygon Ventures and market maker GSR. A...
Crypto lender Salt halts withdrawals citing FTX impact
Crypto lending platform Salt paused withdrawals and deposits, according to a company email sent to customers. The firm said in a message attributed to CEO Shawn Owen that “the collapse of ...
Genesis reports losses of around $7 million after hedging against market volatility
Crypto trading and lending firm Genesis Trading reported losses of around $7 million “across all counterparties” that include Alameda Research after it hedged and sold collateral on Tuesda...