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cryptonews

2022-12-06 13:54:00

CEO of Crypto-Focused Bank Silvergate Addresses Insolvency Concerns – Here’s What He Said

CEO of Crypto-Focused Bank Silvergate Addresses Insolvency Concerns – Here’s What He Said

The CEO of the crypto-friendly bank Silvergate, Alan Lane, has addressed concerns that the bank could be near insolvency, saying the bank has “a resilient balance sheet and ample liquidity.” The statement from the CEO was made in a public letter published on Monday, where Lane made it clear that although the recent period has been “turbulent” for crypto, customer deposits at his bank remains safe.... Read More: CEO of Crypto-Focused Bank Silvergate Addresses Insolvency Concerns – Here’s What He Said

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