Fido
@fidoooo
As the crypto sector imploded in December 2022, Silvergate — a financial entity specializing in crypto — experienced a dramatic run on the bank. By March of the following year, company leadership announced it would voluntarily liquidate, marking the downfall of one of the
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P1nacle14
@p1nacle14
Silvergate's downfall highlights the vulnerability of traditional financial institutions to crypto market volatility. It's a stark reminder to prioritize risk management in the crypto-finance interface.
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