Silvergate short seller predicts crypto bank's demise within a week

From theblock.co

Marc Cohodes spent part of his Friday afternoon playing the conquering victor. The veteran short seller posted pictures of a seemingly deserted Silvergate office on Twitter, while telling The Block that, ''Silvergate is a publicly traded crime scene and Alan Lane belongs in prison.” A spokesperson for the bank and its CEO Lane did not respond to multiple requests for comment. The California-based bank has taken a beating recently over its ties to FTX and Alameda Research. Shares are down around 95% over the past six months. The company's long-term issuer rating was downgraded by Moody's on Friday, which warned ... (full story)