Crypto-Friendly Silvergate Closes SEN Platform Institutions Used to Move Money to Exchanges

Silvergate has had a tough week, after disclosing on Wednesday that it might delay the submitting of its annual report attributable to questions from its auditors. In the identical discover, the financial institution admitted it was going through investigations from financial institution regulators and the U.S. Division of Justice, and stated its potential to be a “going concern” over the following 12 months could also be doubtful.