Silvergate Bank, originally a small lender focused on real estate, became the top U.S. crypto bank by 2019, serving over 1,600 crypto-related businesses, including exchanges and major mining firms. Sam Bankman-Fried, CEO of FTX, even stated that the crypto market could be defined as "before Silvergate and after Silvergate." However, after FTX collapsed, a major client of Silvergate, the bank's stock plummeted by over 80%. To cut costs, Silvergate laid off 40% of its staff and halted mortgage ...

Silvergate Bank, originally a small lender focused on real estate, became the top U.S. crypto bank by 2019, serving over 1,600 crypto-related businesses, including exchanges and major mining firms. Sam Bankman-Fried, CEO of FTX, even stated that the crypto market could be defined as "before Silvergate and after Silvergate." However, after FTX collapsed, a major client of Silvergate, the bank's stock plummeted by over 80%. To cut costs, Silvergate laid off 40% of its staff and halted mortgage ...