Silvergate Bank, a former crypto-friendly bank, collapsed in March 2023 due to the fallout created by the implosion of the FTX exchange.
Federal Reserve Board drops enforcement action against Silvergate
![Federal Reserve Board drops enforcement action against Silvergate Federal Reserve Board drops enforcement action against Silvergate](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy82MjE4MjQ0Njc0YThlNmRlYzQ5M2FjZDhiNzMwZjcyOC5qcGc=.jpg)
Silvergate Bank, a former crypto-friendly bank, collapsed in March 2023 due to the fallout created by the implosion of the FTX exchange.