Silvergate Capital reports massive net loss in 2022, amounting to…

Silvergate Capital reports massive net loss in 2022, amounting to…


AMB Crypto
2023-01-18 10:30:03

California-based cryptocurrency bank Silvergate Capital reported a net loss of $1 billion in Q4 2022. Silvergate shares have lost over 70% of their value following the FTX exchange’s meltdown. California-based cryptocurrency bank Silvergate Capital reported a $1 billion net loss attributable to shareholders in its Q4 2022 report. The report further cited a transformational shift