Silvergate, the controversial crypto-focused bank of recent days, secured an emergency meeting with US Federal Insurance Agency (FDIC) officials to discuss how to avoid a possible bankruptcy situation.
According to the news presented by Bloomberg, Silvergate sat down with FDIC officials. In the news based on sources familiar with the subject, to find ways to avoid a possible shutdown It was stated that there was a meeting with the FDIC. FDIC officials who visited Silvergate’s headquarters reviewed the company’s financial books to elaborate on the issue. The source, who brought the subject to the press, talked about how the company will deal with its financial difficulties. no decision has been made yet told.
On the other hand, the involvement of the FDIC in the process that it is only a state support Another source stating that this step was not done without the contribution of the regulator. cannot be resolved stressed that it does not mean
This move of the FDIC, the state body that oversees financial institutions for economic soundness and consumer protection in the USA, White House It did not go unnoticed that it showed parallelism with the statement made by White House Press Secretary Karine Jean-Pierre In his recent statement, Biden made statements that the administration was aware of Silvergate’s situation.
On the Silvergate front, problems visibly erupted last week. to the US Securities and Exchange Commission (SEC) The reports that he was supposed to submit were delayed by 2 weeks. The USA’s largest cryptocurrency exchange coinbase about Silvergate, which has lost many of its major partners, including bankruptcy rumors began to be spoken loudly.
Silvergate, in the aforementioned report that it reported late, also in the first two months of 2023. additional debt sold its stocks and in the coming months more damage He stressed that he was waiting for the recording. The company continues its activities in the upcoming period and still remains unknown.
2 March, with the postponement of the report to the SEC. 50% Silvergate shares, which were falling, were trading at the time of writing. 5.21 from dollars is being traded.