Silvergate Shares Plummet Amid $8.1B in Withdrawals, Hackers Stole High-Value NFTs From Prominent Web3 Builders

This episode is sponsored by the Galaxy Brains Podcast.

Crypto bank Silvergate Capital (SI) stocks have been in free fall this morning, down over 46% as the firm races to cover $8.1 billion in withdrawals during the crypto meltdown; the TON Foundation aims to solve large-scale data storage problems by launching Ton Storage project. Plus, two Web3 builders have lost to scammers non-fungible tokens (NFT) estimated to have been worth hundreds of thousands of dollars.

See also:

Three Arrows Capital founders subpoenaed on Twitter

Silvergate shares tumble as crypto bank reveals $8.1bn fall in deposits

This episode has been edited by Adrian Blust. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”