TechFlow reported, according to a filing submitted to the U.S. Securities and Exchange Commission, that Alan Lane, CEO and President of the collapsed crypto bank Silvergate, and Chief Legal Officer John Bonino departed the company on August 15, while Chief Financial Officer Antonio Martino will resign on September 30. The three executives will receive severance payments but will no longer be compensated by the company. Earlier in March, Silvergate announced it would liquidate the bank and wind down its operations.
The filing stated that following Lane's departure, Kathleen Fraher, Silvergate's Chief Risk Officer, will assume the role of "Chief Transition Officer," and Chief Accounting Officer Andrew Surry will take on the responsibilities of Chief Financial Officer.
