TechFlow news, Silvergate Bank recently released preliminary financial metrics for the fourth quarter of 2022, stating that it received $4.3 billion in emergency funding from the San Francisco-based Federal Home Loan Bank following the bankruptcy of FTX. As of the end of the third quarter of 2022, Silvergate Bank's top 10 depositors included crypto clients such as Coinbase, Paxos, Crypto.com, Gemini, Kraken, Bitstamp, and Circle, whose deposits accounted for approximately half of the bank's total deposits.
According to prior announcements, Silvergate claimed its exposure to FTX was limited to deposits, with exposure amounting to less than 10% of the bank’s total deposits as of September 30. Additionally, BlockFi's deposit size was approximately $20 million. Source link
