{"id":154798,"date":"2023-01-07T12:30:03","date_gmt":"2023-01-07T18:30:03","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2023\/01\/crypto-carnage-8-billion-withdrawn-from-silvergate"},"modified":"2023-01-07T12:30:03","modified_gmt":"2023-01-07T18:30:03","slug":"crypto-carnage-8-billion-withdrawn-from-silvergate","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2023\/01\/crypto-carnage-8-billion-withdrawn-from-silvergate","title":{"rendered":"Crypto carnage: $8 billion withdrawn from Silvergate"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/crypto-carnage-8-billion-withdrawn-from-silvergate2.jpg\"><\/a><\/p>\n<p>The bank is suffering from the ongoing crypto winter triggered by the collapse of FTX.<\/p>\n<p>U.S. bank Silvergate, which provides exclusively cryptocurrency services, saw its customers withdraw over $8 billion in the last three months of last year, according to a report by the BBC<\/p>\n<p>The bank was then forced to sell nearly $5.2 billion in assets in order to survive.<\/p>\n<hr>\n<p>Pavlo gonchar\/sopa images\/lightrocket via getty images.<\/p>\n<p>This amounted to around two-thirds of the bank\u2019s customers pulling their deposits in October, November, and December 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The bank is suffering from the ongoing crypto winter triggered by the collapse of FTX. U.S. bank Silvergate, which provides exclusively cryptocurrency services, saw its customers withdraw over $8 billion in the last three months of last year, according to a report by the BBC The bank was then forced to sell nearly $5.2 billion [\u2026]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1761],"tags":[],"class_list":["post-154798","post","type-post","status-publish","format-standard","hentry","category-cryptocurrencies"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/154798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=154798"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/154798\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=154798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=154798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=154798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}