US bank Silvergate hit with $8bn in crypto withdrawals – bbc.com
Customers of US bank Silvergate, which provides cryptocurrency services, have withdrawn over $8bn (£6.7bn) of their crypto-linked deposits.Around two-thirds of the bank's customers pulled their deposits in the final three months of 2022.The bank has sold $5.2bn in assets to cover the cost and remain liquid.It came as three US regulators warned banks that issuing … Read more