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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

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