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"How Silvergate Survived" Maxfield on Banks describes how Silvergate is the only bank he's ever seen who managed to survive a 70% run on its deposits following the #FTX bankruptcy. Unfortunately, it then suffered the wrath of a 'bait-and-switch' by a change in crypto banking regulations. Watch the full... show more
2 Comments

Dwight Kurt Schrute1 year ago
@MaxfieldOnBanks Hey Maxfieldoncoke. From what I recall, silver gate didn't do adequate KYC and was serving as an on-ramp for laundering money into crypto. Me thinks regulators did their job by shutting it down.

iamoroccan11 year ago
@MaxfieldOnBanks Heard about this approach?

