January 9, 2023

A Small Bank Bet Big on Crypto. Can It Survive the Crash?

by The Journal.

Background show artwork for The Journal.

Silvergate went from a small real-estate bank to the bank of choice for the crypto world’s big players. Then it experienced a historic bank run. WSJ’s David Benoit explains why customers pulled their money from crypto’s top bank.


Further Reading:

- Silvergate Raced to Cover $8.1 Billion in Withdrawals During Crypto Meltdown 


Further Listening:

- The Charges Against FTX's Sam Bankman-Fried 

- ‘Do You Expect to Go to Prison?’: An Interview With SBF 

- How Crypto Giant FTX Suddenly Imploded 


Where to Listen