Silvergate shares drop to record low as crypto companies sever ties

Silvergate Capital Corp. shares lost more than half their value Thursday to trade at a record low of $6.15 as several crypto companies ceased payment transactions with the lender.

Digital... Silvergate Capital Corp. shares lost more than half their value Thursday to trade at a record low of $6.15 as several crypto companies ceased payment transactions with the lender. The crypto companies made the moves after Silvergate said in a regulatory filing Wednesday that it would not be filing its audited 2022 annual report on time.

lets hope they follow FTX and get bankruptcy soon as possible

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