Crypto Bank Silvergate Says Genesis Exposure ‘Minimal'
Charlie Swarley
Other
1 year ago
1 QCP
Crypto-centric bank Silvergate said its exposure to bankrupt lender Genesis has been limited. The bank made this announcement in an update Friday (Jan. 20), one day after Genesis filed for bankruptcy and three days after Silvergate said the cryptocurrency industry's ongoing downturn had led to a $1 billion loss.
https://www.pymnts.com/cryptocurrency/2023/crypto-bank-silvergate-says-genesis-exposure-minimal/?SNAPI
https://www.pymnts.com/cryptocurrency/2023/crypto-bank-silvergate-says-genesis-exposure-minimal/?SNAPI
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