Silvergate Bank Facing a Potential Bank Run


A 30% decline in Silvergate's stock was seen as financial issues surfaced.

A potential bank run is on the horizon, Similar to what occurred to FTX Exchange in November. Leaders in the digital currency industry are advising bank customers to withdraw their money.

Due to its failure to submit its Form 10-K for the prior fiscal year, the corporation has lost the trust of investors.

The fact that FTX and Silvergate Bank had a significant working connection may have added to investors' unease.