Silvergate stock continued to dip on Tuesday despite the firm saying it had less than $20 million of its total deposits on BlockFi.
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Crypto Bank Silvergate Says Its BlockFi Digital Asset Deposit Exposure Totals Less Than $20MCrypto bank silvergatebank says it has less than $20 million of deposit exposure to BlockFi, which filed for Chapter 11 bankruptcy protection on Monday. GregAhl reports.
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Silvergate denies recent FUD, confirms minimal exposure to BlockFiSilvergate has confirmed its exposure to BlockFi is “limited to less than $20 million” as it scrambles to suppress recent FUD.
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Bitcoin, ether track traditional markets lower amid China Covid restrictions, unrestBitcoin was lower but trading above $16,100, while ether also slipped, down to about $1,170, according to CoinGecko.
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