Silvergate Capital is closing its doors, ending a decade-long crypto dream that once made it a central player as the industry boomed.
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Caroline Ellison and Gary Wang pleaded guilty to defrauding investors in the crypto trading platform.
Crypto brokerage Genesis has warned of the risk of bankruptcy amid contagion from the rapid demise of FTX.
As customers withdrew billions of dollars from crypto exchange FTX, founder Sam Bankman-Fried worked the phones in a futile bid to raise $7-billion in emergency funds.
VALR.com, the cryptocurrency exchange co-founded by Farzan Ehsani, has raised more than R750-million in funding at a valuation of about R3.7-billion.