Silvergate Reports SHOCKING Financial Figures for 2022 | 1 Billion USD Loss???

In this video, we will talk about Silvergate Bank and its Exchange Network, how it fell to a full-year loss of $949mn in 2022, compared with a profit of $76mn in 2021, and the impact of this loss on the crypto market.

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The notorious financial exchange company FTX was a client of the Silvergate Bank until it went bankrupt in November. But what is Silvergate bank? What is the history of Silvergate, and how did it go from a net income of 75.5 million Dollars in 2021 to a loss of almost 1 billion Dollars? We will be seeking answers to these questions in our today's video.

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