Silvergate CEO Reassures Investors - Coinleaks
Current Date:November 7, 2024

Silvergate CEO Reassures Investors

silvergateCEO Alan Lanereassured its investors that company assets are safe and comply with the law.

The insecure environment and controversial process in the crypto industry continues. One of the world’s largest crypto exchanges FTX’ The bankruptcy of the company caused serious loss of confidence. Crypto companies are trying to be more transparent about their customers and investors. Especially the crypto exchange Binancestarted a new era by introducing the proof-of-reserve system. However This whole process brought with it allegations and discussions. Many investors began to scrutinize all crypto companies in case of a possible collapse. In this context silvergate is experiencing problems with stock depreciation and investors’ confidence problems. Finally, the company CEO‘su made statements to create an atmosphere of trust.

Silvergate Stumbles on Stock Loss, FTX Events

Investment and management company silvergate came to the fore with class action lawsuits filed against the company last week. In this case, the company did not pay customer deposits. FTXand Alameda There were allegations that he deliberately or intentionally directed the . Defendants, silvergate‘I FTXHe was presented as an accomplice in the events.

In the continuation of the painful processes, silvergate stocks fell sharply. last month 50 percentShares of crypto banks, which have lost more than 1,000 shares of value, continue their bad course this month.

The CEO of the company who made a statement about the FTX discussions Alan Lane, “And as I mentioned earlier, if we detect unexpected or potentially alarming activity in any account, we conduct an investigation and confidentially file a suspicious activity report in accordance with federal regulation when necessary.”said.

lane, FTX He stated that after the collapse of . The company’s CEO‘su also underlined that customers reach services uninterrupted.