Silvergate Bank: Smoke on the water, now fire in the sky

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City AM

By Darren Parkin by Jason Meyers of Auditchain Trust in centralised entities, or lack of it, is on the top of everyone’s mind these days. The seemingly endless contagion from the fallout of Luna, Celsius, 3AC, FTX, is raising the question of when it will end? Just when you think it might be over, Silvergate Bank succumbed as the next victim. Silvergate just announced that it will be winding down its operations in an orderly manner in accordance with regulatory processes. So, who’s next? Meanwhile, the evolving elegance of decentralisation continues to orchestrate the transfiguration of the fin…

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