![Silvergate sold assets at loss to cover withdrawals, laid off 40% of workers](http://crypto.news/app/uploads/2022/11/Silvergate-Provides-Statement-on-Minimal-Exposure-to-BlockFi.jpg)
2023-1-6 16:13 |
The collapse of FTX sparked a bank run on Silvergate, forcing the financial institution to sell assets at a steep loss to cover some $8.1 billion in withdrawals.
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