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Contagion fears emerge at crypto bank Silvergate Capital after FTX debacle
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fnlondon.comEarlier this month, Silvergate Capital gathered its staff to celebrate its transformation into the go-to bank for the crypto market. Then, the crypto market blew up.
The collapse of crypto exchange FTX has raised questions about how close the bank was to the empire of Sam Bankman-Fried. The price of Silvergate's stock has been cut in half this month and is now down nearly 90% over the past year.
Silvergate...
Read more on fnlondon.comAbout this in other media
Investors shy away from crypto hedge funds as FTX contagion fears spread fnlondon.com /1 year ago
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