Silvergate Capital: Has fully repaid all deposits and currently holds less than $10,000 in funds

ChainCatcher news, according to Reuters, crypto bank Silvergate Capital has fully repaid all remaining deposits. According to the statement, Silvergate currently holds less than $10,000 and will "continue to focus on bank liquidation." 1

Previous news, in March of this year, Silvergate Capital announced it would cease operations and voluntarily liquidate the bank. Silvergate was once one of the most popular banks in the cryptocurrency industry. In the fourth quarter of last year, Silvergate lost $1 billion due to a massive outflow of funds following the collapse of FTX.