Citadel Securities takes 5.5% stake in crypto-friendly bank Silvergate Capital; shares rise

Ken Griffin's Citadel Securities has taken a stake in crypto-friendly bank Silvergate.

a more than $1 billion net loss for the fourth quarter as the sector suffered a"crisis of confidence."

Fears over increased regulatory oversight in the U.S. on banks that interact with cryptocurrency have also weighed heavily on the stock. SI was the most shorted stock on Wall Street as of Jan. 31, according to a recent© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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