Shock loss! Silvergate reports a massive $1B net loss in the fourth quarter of 2022

Silvergate Bank, currently involved in a class-action lawsuit regarding its FTX and Alameda Research proceedings, has declared an alarming net loss of $1 billion for common shareholders during the fourth quarter of 2022. The United States Securities and Exchange Commission (SEC) published a report in which the digital asset bank noted that during the fourth … Shock loss! Silvergate reports a massive $1B net loss in the fourth quarter of 2022 Read More »