On March 8, , it was announced that Silvergate Bank would wind down its operations and liquidate. Retrieved November 20, Retrieved December 8,
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Read MoreWorldwide Exchange. Bullish group is majority owned by Block. The failure of FTX sparked renewed volatility in the crypto markets. Bankrupt crypto exchange FTX was a major Silvergate customer. Elizabeth Warren, D-Mass, who said this "further introduced crypto market risk into the traditional banking system. All deposits will be fully repaid, according to a liquidation plan shared on Wednesday. Retrieved November 20,