The Tech Bank Collapse of 2023

Silvergate: “We are doing well!

Silvergate Capital, a well-known crypto bank, has filed a letter with the SEC from its CEO, Alan Lane. Apparently, he uses it to correct what he calls “speculation – and misinformation – spread by short sellers and other opportunists.”

All right! Unfortunately for Lane, this question raises more questions than it answers, such as what his “extensive due diligence” on FTX and Alameda consisted of!


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