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Tag: Resorted

Silvergate Resorted to Staff Layoff, Asset Liquidation to Survive FTX-Triggered Crypto Meltdown

Posted on January 5, 2023 by admin

Crypto financial institution Silvergate needed to undertake a 200-employee layoff and take different drastic measures to facilitate a withdrawal financial institution run. Through the FTX-triggered crypto meltdown, Silvergate Financial institution scrambled….