Coinbase, the cryptocurrency trading center, announced that it had stopped its partnership with Silvergate Bank as a partner of US dollar banks because of an investigation. In one tweet, the Hong Kong Stock Exchange stated:

Due to recent developments out of a high degree of caution, Coinbase will no longer accept or gradually pay to Silvergate or from Silvergate.

Logging in to the password trading center will help with cash payments for institutional clients of its core customers and another banking partner, Signature Bank.

Due to the delay in submitting this year's 10Yuk report, Yinmen bank's individual stocks have already faced challenges, falling another 40% in early trading. Because of bankruptcy anxiety, JPMorgan downgraded Silvergate Capital's credit rating from neutral to overweight by senior executives.

10murk report is a standard document of the Securities and Exchange Commission in the UK, which gives a comprehensive description of the business and operation of enterprises. The data encryption bank has said it will have two more weeks to report for fiscal year 2022.

This decision will not affect the directive to pay in yuan or Europe.

The troubles of Internet financial banks originated from the collapse of the FTX login password exchange. Silver Gate Bank, also widely known as "login password bank" because of its large number of login password partners, is facing the investigation and analysis of the US Department of Justice at this stage, mainly because it participated in the FTX collapse. The survey focused on Rob Bankman-Fried, the former CEO of FTX, in this bank account.

In another civil case, Bank of Silvergate and CEO Lane Lane were tested for "aiding and abetting"a multibillion-dollar fraud scheme designed by Nick Bankman-Fried (Sam Bankman-Fry,SBF) and two physical lines, FTX and Alameda Research."

As a result of ongoing research and the termination of the partnership, Silvergate has become one of the most bearish stocks on the market. By the end of January, more than 72 per cent of Silvergate Capital shares had been shorted, according to the Financial Industry Regulatory Authority.