Binance, Coinbase, OKX, and Paxos stated that they were not affected by the Silvergate liquidation

2023-03-09 12:38:17

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ChainCatcher news, following the earlier announcement from the crypto-friendly bank Silvergate about its plan to wind down operations in an orderly manner and voluntarily liquidate, cryptocurrency exchanges Binance, Coinbase, OKX, and crypto infrastructure company Paxos have all issued statements indicating that they are not affected by Silvergate's liquidation:

Binance founder Changpeng Zhao tweeted, "Binance has no asset loss with Silvergate, user assets are safe." Coinbase tweeted that there are no customer or company funds at Silvergate, and customer funds remain safe, accessible, and usable. OKX President Hong tweeted, "Company and customer funds are safe, and the team has done a great job managing and minimizing risks." Paxos stated in a statement that the company "has had almost no exposure to Silvergate." (source link)

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