Back to collectionSilvergate's Closure Turns Concern to Banking Access
The previous day's decline had unsettled the community, while the team kept working on the development network and cooperation terms. Silvergate announced its liquidation, removing part of the crypto industry's banking access. Market anxiety had become concern about actual routes for funds, and community questions grew more specific.
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The previous day's decline had unsettled the community, while the team kept working on the development network and cooperation terms. The Night Watchman often answered routine questions in Discord, but reassurance alone was inadequate for news about a banking channel.
Silvergate announced its liquidation, removing part of the crypto industry's banking access. People in the chat immediately asked whether the project might be affected; others treated rumors as settled fact. The Night Watchman asked them to separate the announcement from unverified guesses and gather the questions the team would need to answer.
Market anxiety had become concern about actual routes for funds, and community questions grew more specific. The Night Watchman intended to pass them to people who could check the situation rather than promise an outcome for the team. There was still too little information that day to conclude whether the project was affected.