The tech bank collapse of 2023

Silvergate: “We’re fine!”

Silvergate Capital, a famous crypto bank, has filed a letter with the SEC from its CEO, Alan Lane. Apparently, he is using it to correct what he terms “speculation — and misinformation — being spread by short sellers and other opportunists.”

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

Originally appeared on: TheSpuzz