Silvergate Closes SEN Platform Institutions Used to Move Money to Crypto Exchanges

Silvergate has had a rough week, after disclosing on Wednesday that it would delay the filing of its annual report due to questions from its auditors. In the same notice, the bank admitted it was facing investigations from bank regulators and the U.S. Department of Justice, and said its ability to be a „going concern“ over the next year may be in doubt.