Shares of crypto-focused companies fell on Thursday in premarket trading after Silvergate Capital Corp disclosed plans to wind down operations and voluntarily liquidate, as the aftermath of FTX's implosion last year reverberates through the industry.The crypto lender's shares slumped 45 per cent to $2.86,
Shares of crypto-focused companies fell on Thursday in premarket trading after Silvergate Capital Corp disclosed plans to wind down operations and voluntarily liquidate, as the aftermath of FTX's implosion last year reverberates through the industry.
Crypto exchange Coinbase Global, which severed ties with the bank last week, dropped 3 per cent. Miners Riot Blockchain and Marathon Digital slid 3.5 per cent and 4 per cent, respectively. Silvergate's announcement also adds to a list of high-profile collapses of crypto market players since last year.
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