SI Silvergate Capital going to $0???

19 Mar 2023

If you haven`t sold crypto`s favorite bank, SI Silvergate, here:

Then you should know that Silvergate Capital Corp, the parent company of Silvergate Bank, announced its closure and liquidation of assets on Wednesday.
Shortly after, New York state banking regulators closed down Signature Bank to prevent the fallout from the failure of Silicon Valley Bank.
Lawyers representing plaintiffs in a class action lawsuit by FTX customers against 18 defendants, including Signature and Silvergate, claim that these events will severely limit the amount of money they can access if they can prove the banks are responsible.
Kerry Miller of Fishman Haygood, whose firm filed the lawsuit in Miami federal court, stated that FTX customers may have to rely on insurance policies covering the banks' top executives and board members since these events impose another hurdle.

Haven`t seen any bidders for it, or other banks supporting SI SIlvergate.
Most likely to file for bankruptcy and go to $0.

Looking forward to read your opinion about it.

15 Apr 2023

Trade aktif

Not to $0 yet, but still lower.