Silvergate has confirmed its exposure to BlockFi is “limited to less than $20 million” as it scrambles to suppress recent FUD.
Silvergate has been the subject of a lot of FUD , or “false and misleading statements,” in its words.his 622K Twitter followers “Silvergate Capital said to have lent money to BlockFi,” but failed to provide any evidence.over the past week, however, most of them were lacking specifics.that BlockFi had become the latest victim of the FTX contagion to file for Chapter 11 bankruptcy.
The filing stated that BlockFi has more than 100,000 creditors, assets between $1 billion and $10 billion, and similar liabilities. The latest high-profile crypto bankruptcy appears to have fuelled this recent round of FUD, which Silvergate has seen fit to refute.
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