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Bitcoinist
2023-03-03 12:10:46

Crypto Bank Silvergate Shares Crash Amid Investor Walkout, JPMorgan Downgrade

Crypto Bank Silvergate Shares Crash Amid Investor Walkout, JPMorgan Downgrade

Silvergate shares experienced a significant decline of nearly 60% on Thursday due to both business partners and investors leaving abruptly to avoid financial instability. The drop was the largest ever seen for Silvergate. On Wednesday, Silvergate announced that it was unable to submit its annual report on time to the US Securities and Exchange Commission

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