Crypto Bank Silvergate Suspends Dividend on Preferred Stock

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Crypto Bank Silvergate Suspends Dividend on Preferred Stock

Suffering contagion from the collapse of several crypto firms last year, which came to a head with the demise of crypto exchange FTX in November, Silverbank’s stock lost around 90% of its value in 2022. This has continued in the early part of 2023, with the shares down a further 18% in January. www.coindesk.com

Suffering contagion from the collapse of several crypto firms last year, which came to a head with the demise of crypto exchange FTX in November, Silverbank’s stock lost around 90% of its value in 2022. This has continued in the early part of 2023, with the shares down a further 18% in January.

www.coindesk.com