2min chapter

Crypto Critics' Corner cover image

Cryptocurrency Banks Give Up

Crypto Critics' Corner

CHAPTER

FTX Bankruptcy

The fear would be that the continued limitations and silver gate's diminished ability to interact in a meaningful way with billions of dollars of crypto deposits makes them a less effective business. I'm not sure if we've set up our bank regulations in such a way that even this type of level of deposits being pulled out and assets being seized because silver gate assets have now been seized as part of the FTX bankruptcy. The bank will still be able to tap liquidity and survive, but it feels like something that should not have happened.

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