Crypto Bank Silvergate Says Its BlockFi Digital-Asset Deposit Exposure Totals Less Than $20M

Crypto Bank Silvergate Says Its BlockFi Digital-Asset Deposit Exposure Totals Less Than $20M

Upworthy

Published

Silvergate Capital (SI) said in a press release late Monday that its digital-asset deposit relationship with BlockFi, which filed for Chapter 11 bankruptcy protection earlier in the day, was less than $20 million of its total deposits from all of its digital-asset customers as of Nov. 28. "BlockFi…

#bankruptcyprotection #forcedliquidations #digitalassetdeposit #depositrelationship #totaldeposits #protectionearlier #silvergate #chapter #nov #leverage

Full Article