- Cryptobank Silvergate won't make the March 16 deadline for its annual report as it mulls over its ability to continue operations.
- Silvergate has been in a downward spiral since FTX collapsed.
- Servicing FTX and Alameda has led to a DOJ investigation.
Silvergate Evaluating Ability (OTC:ABILF) to Survive
On Wednesday, March 1, California-based crypto bank Silvergate disclosed that it would miss the deadline for filing its annual report with the SEC. The bank highlighted further weakening in its capital position following dismal fourth-quarter earnings. The news sent its stock price down 31%.
Ahead of the delayed annual report, Silvergate...