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Silvergate sold assets at a loss of $700 million and laid off 40% of staff due to the collapse of FTX?

The crypto bank was forced to sell assets and cover withdrawals of $8.1 billion. Silvergate postponed its plan to launch its own digital currency and wrote off $196 million spent on the purchase of Diem cryptocurrency from Facebook. And the stock price lost 45% in premarket trading.
 
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