โWhile the challenging backdrop for the crypto settlement business was a factor in the worse than expected results being released, we also believe that concerns voiced by short-sellers (on Twitter) likely also contributed to Silvergateโs customers withdrawing deposits from the platform at a greater than anticipated level,โ analysts led by Steven Alexopoulos wrote.
JPMorgan Downgrades Crypto Bank Silvergate Capital After 4Q Results, Shares Slump
