How Silvergate’s Crypto Collapse Differed From Silicon Valley Bank’s: No Bailout

By Bradley Keoun, Helene Braun

For all the angst this week about how troubles in the crypto industry are fueling a banking crisis, the reality, so far, is actually something else: Of the two banks that went under this week, the one squarely focused on crypto – Silvergate Capital‘s (SI) Silvergate Bank – escaped the black mark of federal assistance….“The bank entered the liquidity wringer with ample capital,” said Karen Petrou, a managing partner at Federal Financial Analytics.