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ZEC $260.31 -8.86%

Crypto KOL: Rumor has it that the market-making giant Citadel will help Silvergate overcome its liquidity crisis

2023-03-04 10:55:35
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ChainCatcher news, according to crypto KOL Andrew on his social platform, there are rumors within Silvergate that global market-making giant Citadel Securities will intervene in Silvergate to save the situation, and may inject more funds into the cash-strapped Silvergate to help it overcome the liquidity crisis.

Previously, ChainCatcher reported that when Moody's downgraded Silvergate Capital's long-term issuer rating from B1 to B3, Susquehanna Advisors Group and Citadel Securities had been buying large amounts of shares in the bank, driving up the bank's stock price. (source link)

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