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Crypto-heavy Silvergate cuts workforce by 40% | Banking Dive
https://www.bankingdive.com/news/silvergate-cuts-workforce-crypto-run-diem-ftx-withdrawals/639730/
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The collapse of FTX triggered a run that forced the bank to sell debt at a loss to cover a sharp uptick in crypto-related withdrawals. The bank also wrote off its purchase of Diem technology and tabled its digital currency launch.
