Crypto Bank Silvergate Announces ‘Voluntary Liquidation’

Crypto-friendly Silvergate Bank will “voluntarily liquidate” its assets and wind down operations, its holding company, Silvergate Capital Corp. (SI), said Wednesday.

The bank was under fire after announcing a week ago it would have to delay filing its annual 10-K report due to questions from its independent auditors and accounting firm over its figures. 

Read more: CoinDesk