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2min chapter
The Disrespected
Risk of Ruin
Silvergate: A Criminal Exchange After FTX Blows Up
I found Silvergate after FTX blew up. I knew what Silvergate was. I knew they were involved in it. I knew FTX was the biggest customer, but I didn't really have any interest in Silvergate till FTX blewup. So I wouldn't know about Silvergate if not for FTX. Their press releases were half-ass. They tried to offer a language that gave them some plausible deniability, but it was all very weak sauce. When Silvergate ended up on the list of heavily shorted companies, their response was like they asked an intern to Google what to do when you're being attacked by short sellers. It's been something else.
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