In the end, Silvergate Bank didn’t survive. But its executives were able to avoid taking government assistance. Silvergate Capital’s share price is down 83% since March 1, the day the bank said it was unable to file its annual report. But with shareholders taking the hit – not depositors or the government – it was, in a way, the ideal scenario for a bank collapse, as strange as that sounds.
How Silvergate’s Crypto Collapse Differed From Silicon Valley Bank’s: No Bailout
