Silvergate Capital, an American bank holding company that did business with FTX Trading, a major bankruptcy cryptocurrency exchange, announced that its deposits at the end of last year were nearly 70% lower than they were three months ago. bottom.
Following the bankruptcy of FTX, it seems that customers have withdrawn their deposits one after another, causing a so-called bank run, and the turmoil in the crypto asset industry is affecting banks.
Silvergate Capital, a bank holding company based in the western state of California in the United States, said on the 5th that its deposits at the end of last year were $3.8 billion, a decrease of $8.1 billion, or nearly 70%, from three months ago. announced that it did.
The bank under this company is known for its focus on crypto-asset-related businesses and its dealings with FTX Trading, which went bankrupt in November last year.
Following the bankruptcy of FTX, it is believed that a so-called run on the bank occurred, in which customers withdrew their deposits one after another to secure cash.
The turmoil in the cryptocurrency industry has also affected U.S. banks, as bank holding companies responded by selling assets and cutting staff in response to a surge in customer withdrawals. increase.