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Why did Silvergate tank today? Stock hits record low on potential going concern risk

Financial crisis stock chart business on economy market background with down diagram money exchange finance graph or loss global investment trade analysis recession and fall sales price crash risk.

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Silvergate Capital (NYSE:SI) plunged 58.2% to an all-time low on Thursday after the cryptocurrency-focused bank delayed filing its annual report as it needs time to assess additional losses, impact of regulatory scrutiny and its ability to

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Comments (7)

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Economist 101 profile picture
All of these crypto ponzi schemes are collapsing. Anything related to bitcoin are collapsing too.
ComputerBlue profile picture
Another crapco bites the dust
josephaoppenheim profile picture
Good news, could have been worse.
bong70 profile picture
It tanked because it was a sleepy bank with zero KYC protection in place. Then targeted by the crypto Ponzi schemes. But everything is just fine go ahead buy the dip best of luck.
Will not close. Rather go backmto pre bitcoin era
bong70 profile picture
@Edpdds may get buried in law suits.
@Edpdds Well that train has left the station. There's no franchise left. Just legal expenses and regulatory purgatory.
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