| Founded | 1988 |
|---|---|
| Closed | 2023 |
| Country | USA |
| Sector | Fintech |
| Total raised | NYSE: SI (IPO 2019) |
| Collapse type | Sudden Collapse |
| Founder | Alan Lane |
Silvergate Bank
"The bank that built the real-time crypto payments backbone self-liquidated in 72 hours after the FTX contagion consumed its deposit base."
Unexpected shutdown within weeks of a trigger
Key Events Timeline
Silvergate Capital pivoted from a community bank to become the dominant banking infrastructure for the crypto industry, operating the Silvergate Exchange Network (SEN)—a real-time payment rail that crypto exchanges including FTX used to transfer dollars 24/7.
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