Name: Silvergate Shares Plunge Amid $8B in Withdrawals, Job Cuts
Uploaded: 2023-01-05T17:55:02.000Z
Duration: 6 min 8 s
Description: Shares of crypto bank Silvergate Capital (SI) plunged after announcing it has cut 40% of its staff, or about 200 employees. This comes after the bank was forced to sell assets at a steep loss to cover some $8.1 billion in withdrawals. "The Hash" panel discusses the latest fallout of crypto winter.

CD20$2,015.811.13%BTC$73,476.660.21%ETH$2,013.530.085%XRP$1.341.62%SOL$82.210.14%

Silvergate Shares Plunge Amid $8B in Withdrawals, Job Cuts | CoinDesk Videos

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CD20$2,015.811.13%BTC$73,476.660.21%ETH$2,013.530.085%XRP$1.341.62%SOL$82.210.14%

Silvergate Shares Plunge Amid $8B in Withdrawals, Job Cuts | CoinDesk Videos