Crypto Bank Silvergate Forced to Return $9.85M Deposit to BlockFi in Ongoing Bankruptcy Dispute

Crypto-friendly bank Silvergate has been forced to return $9.85 million to BlockFi as part of the crypto lender's ongoing bankruptcy proceedings. According to documents made available on the website of BlockFi's restructuring advisor, the bankruptcy court overseeing BlockFi's restructuring process ordered Silvergate to immediately release $9.85 million to the now-defunct crypto lender on Friday. ...