Investor Marc Cohodes, known for his open positions in the financial markets, expects crypto-focused bank Silvergate to go bankrupt this week.
Cohodes recently posted on his official social media account, as Silvergate said in the week. declare bankruptcy He implied that he was waiting. last year November Since Silvergate with financial crises The investor, who stated that he could face to the end of the road He said he might have come.
cohodes, March 3 social media in via account Silvergate’s your empty office shared a photo. Speaking on the subject, Silvergate had a public crime scene and Silvergate CEO Alan Lane prison claimed it was.
of the bank bankruptcy at any time indicating that he can cohodesused the following expressions:
I would be quite surprised if Silvergate resumes operations next week.
Also about FTX in the past a long time Cohodes, known to warn users, is Silvergate’s one of its biggest customers one of the FTX’s about the bank your discourses on Silvergate one of the first reasons to suspect stated that. Investor, Silvergate only failed business moves because with the financial crisis that the bank itself did not face corruption implied he did.
2022 after FTX bankruptcy November And December against the bank short position Cohodes, who stated that he received add to positions announced that he did.
What Happened?
Between the bankrupt FTX and Alameda Research commercial bonds recently due to blows Alan Silvergate recently reported 1 billion dollars including the annual financial reports after the loss. delay USA’s largest cryptocurrency exchange coinbase including many your big partner had lost.
on the other hand silvergatewith the developments international credit rating establishment moody’s by financial And legal credit score due to problems after being dropped 24/7 uninterrupted money transfer system that allows institutions to move their money to crypto exchanges YOU platform that you closed announced.