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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Silvergate Capital Corporation | NYSE:SI | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.25 | 0 | 01:00:00 |
From May 2022 to May 2024
By Denny Jacob
Silvergate Capital Corp. on Friday said its exposure to Genesis Global Holdco LLC is minimal and that its customers'deposits are safely held.
The crypto-focused bank said its deposit relationship with the cryptocurrency lender was less than $2.5 million as of both Dec. 31 and Jan. 19. Silvergate also said Genesis isn't a custodian for its bitcoin-collateralized SEN leverage loans and that it has no outstanding loans to nor investments in Genesis.
Cryptocurrency lender Genesis Global Holdco LLC and two of its lending subsidiaries filed for bankruptcy protection late Thursday night in New York, the latest domino to fall after the failure of crypto exchange FTX.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
January 20, 2023 16:59 ET (21:59 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
1 Year Silvergate Capital Chart |
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