Silvergate forced to cover $8bn worth of crypto-related withdrawals
The US bank was forced to sell $5.2bn worth of assets for cash and booked a loss of $718m on those sales
Source: theguardian.com
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What the indictments against FTX's Sam Bankman-Fried mean for banks
Federal agencies' complaints against FTX's leaders have led to scrutiny of the banks it worked with. While it's unlikely the bankers will be held accountable for the cryptocurrency exchange's wrongdoing, the case could make it more difficult any bank that wants to work with crypto-related businesses.
Source: americanbanker.com