Express

Silvergate Capital Says Its Exposure to BlockFi is Less Than $20 Million

Tris Bell

Summary: Silvergate Capital said in a press release Monday that its total deposits with bankrupt crypto exchange BlockFi is less than $20 million.  The company said that BlockFi is not a custodian for its loans and that it has no investments in the exchange. Silvergate also said that the exchange has been spreading false statements, and ...

Silvergate Capital said in a press release Monday that its total deposits with bankrupt crypto exchange BlockFi is less than $20 million. 

The company said that BlockFi is not a custodian for its loans and that it has no investments in the exchange.

Silvergate also said that the exchange has been spreading false statements, and advised people to go to its website for accurate information.

Author: Tris Bell

Last Update:

Tags: ,,
Link: Silvergate Capital Says Its Exposure to BlockFi is Less Than $20 Million   [Copy]
Next:

Related Articles

  • BitFuFu’s VP on Mining Leadership, Corporate Crypto Treasuries, the Stablecoin Act, and... 4 days ago
  • BTC Weekly Outlook: A Bullish Week, but Signs Point to a Shift to Defensive Play 6 days ago
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 16 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 18 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 19 days ago

    • You need to login to comment.