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The nowbankrupt silvergate bank was forced to cap its crypto deposits at 15% under threat of being shut down by us regulators, claims castle island ventures partner nic carter. simpcity lylasbigheart?

Silvergate capital, the parent company of cryptofocused silvergate bank, has filed for bankruptcy to wind down its operations after the. The cryptofocused bank announced it will wind down operations and repay all deposits amid regulatory and industry challenges. Based in san diego, silvergate has served innovators for 25+ years. Silvergate rapidly expanded its business leveraging the crypto boom, but was eventually affected by the collapse of ftx and macroenvironmental changes, as well as the.

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