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Cryptocurrencies: 27289
Markets: 108940
Market Cap: $3,811,914,659,354     
24h Vol: $95,467,003,561
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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