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Crypto Bank Silvergate Plunges After It Says Examining Viability, Delays Annual Report

(Bloomberg) -- Cryptocurrency-friendly bank Silvergate Capital Corp. is examining its viability and said it’s delaying its annual report to allow time to review financial controls, following the collapse of Sam Bankman-Fried’s FTX. The shares plunged as m

(Bloomberg) -- Cryptocurrency-friendly bank Silvergate Capital Corp. is examining its viability and said it’s delaying its annual report to allow time to review financial controls, following the collapse of Sam Bankman-Fried’s FTX. The shares plunged as much as 25%.Most Read from BloombergSorry, Twitter. Elon Found His Next Shiny Object.How to Get a Free Flight to Hong Kong in 500,000 Airline Ticket GiveawayLightfoot Is First Chicago Mayor to Lose Reelection in 40 YearsWorld’s Rich Take Advantag

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