Reports are circulating on niggles at another crypto institution. Niggles in the sense that FTX had niggles.
- delayed its 10-K filing
- stock price plunged by around a third (yeah correlation is not causation and all that, but a 30 odd precent collapse is not a random event)
Via a Silvergate filing on Wednesday, US time (the firm is based in California :
- “The company is currently analyzing certain regulatory and other inquiries and investigations that are pending with respect to the company,”
On the delay to its filing:
- “The company’s independent registered public accounting firm is also requesting detailed information relating to such matters and the company is responding…
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