A Small Bank Bet Big on Crypto. Can It Survive the Crash?
Podcast: The Journal.Published On: Mon Jan 09 2023
Description: Silvergate went from a small real-estate bank to the bank of choice for the crypto world’s big players. Then it experienced a historic bank run. WSJ’s David Benoit explains why customers pulled their money from crypto’s top bank. Further Reading: - Silvergate Raced to Cover $8.1 Billion in Withdrawals During Crypto Meltdown Further Listening: - The Charges Against FTX's Sam Bankman-Fried - ‘Do You Expect to Go to Prison?’: An Interview With SBF - How Crypto Giant FTX Suddenly Imploded Learn more about your ad choices. Visit megaphone.fm/adchoices
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