What is Silvergate fallout that is pulling down crypto market?
Image Credit: Silvergate Capital)
The crypto world has been slowly moving toward normalcy after a disastrous 2022. However, the period of calm could be short-lived. An FTX-like scandal is brewing. The crypto-focused American bank Silvergate Capital is at the center of the new crypto meltdown. Silvergate's connection with FTX's collapse has brought back the demons that haunted the crypto world. Silvergate's issues began after the FTX collapse. The bank suffered massive withdrawals out of fear.