
Silvergate Capital annuncia la liquidazione di Silvergate Bank
- Silvergate Capital Corporation, la società dietro la cripto banca Silvergate Bank, ha confermato la liquidazione della banca.
- The decision was made “in light of recent industry and regulatory developments” and multiple firms ending their relations with the crypto bank.
- The Bank’s “wind down and liquidation plan includes full repayment of all deposits,” read the announcement.
- Il venditore allo scoperto veterano, Marc Cohodes, ha previsto che la criptobanca morirà entro una settimana, il 4 marzo.
Silvergate Bank, a crypto bank and fintech firm that rose to popularity over the years, has failed to survive the prevailing crypto winter due to its exposure to the bankruptcy crypto exchange FTX. Silvergate Capital Corporation, the company behind the crypto bank, has announced that it will “voluntarily liquidate” the fintech firm because it seems like the best path for the firm looking at the current crypto market situation and regulatory developments.
Secondo un annuncio on March 8, Silvergate Capital Corporation has decided to close the bank “in light of recent industry and regulatory developments” and multiple crypto companies reducing their exposure to the crypto bank. Many firms also scaled back their partnerships with the bank, including Coinbase, Paxos, Gemini, BitStamp, and Galaxy Digital.
La comunità di criptovalute su Twitter ha visto questo arrivare poiché molti dipendenti hanno ricevuto lettere per prepararsi alla chiusura immediata dell'azienda. È fondamentale notare che anche Silvergate Capital Corporation ha recentemente licenziato un numero significativo di dipendenti, come riportato in precedenza da Bitnation. La società madre della banca ha licenziato 40% della sua forza lavoro, ovvero circa 200 dipendenti.
The Nasdaq-listed company also scrapped its ambitions to introduce a digital currency and wrote off the $196 million associated with its purchase of Diem Association’s technology and assets from META. At that time, the company said it now has to adapt to the “economic realities facing the digital asset industry today.”
On the other hand, Silvergate Bank’s “wind down and liquidation plan includes full repayment of all deposits,” according to the announcement, which adds that the company is “considering how best to resolve claims and preserve the residual value of its assets, including its proprietary technology and tax assets.”
Inoltre, Silvergate Capital ha anche confermato che Centerview Partners LLC agisce in qualità di consulente finanziario, Cravath, Swaine & Moore LLP agisce in qualità di consulente legale e Strategic Risk Associates fornisce assistenza nella gestione del progetto di transizione nel processo di liquidazione, che sembra essere l'unico modo per l'azienda per garantire il suo futuro.
Sembra che la previsione fatta dal veterano short seller Marc Cohodes, noto per i suoi attacchi alla società quotata al Nasdaq dallo scorso anno, si sia avverata. Come riportato in precedenza da Bitnation, Cohodes lo aveva previsto Silvergate Bank crollerà tra una settimana, adding that the company “is a publicly traded crime scene” and that the CEO of the company, Alan Lane, belongs in prison.
Additionally, the company also shut down its digital asset payments network, the Silvergate Exchange Network (SEN), adding that the termination was a “risk-based decision.” This sparked rumors of liquidation in the crypto space. Interestingly, United States Judge Michael B. Kaplan ordered the bank to return $9,850,000 deposited by BlockFi, a bankrupt crypto lender that had exposure to FTX.
È fondamentale notare che l'azienda anche ha incontrato i funzionari della Federal Deposit Insurance Corporation (FDIC) to prevent a possible liquidation. The officials visited the company’s headquarters last week and dug deep into the records and books of the crypto firm to come up with a possible solution.