The Sad Tale of Silvergate Bank

Jonathan Strickland: Today we're going to cover the tech news for Thursday, March 9, 2023. He says Silvergate Bank hitched its wagon to the cryptocurrency market and started to work with crypto clients. And now it sounds like the actual situation at Silvergate was even more dire than the paperwork seemed to indicate. The bank had operated its own exchange known as Silvergate Exchange Network,. It held deposits for various crypto companies.