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lets talk about silvergate its a real bank its based in California its actually been in operation since 1996 but you probably know it because its known as the crypto Bank it was servicing clients such as coinbase such as Gemini such as FTX which is a big reason why you have shares down over 50 today alone thats because yesterday silvergate said that it needed more time to file its 10K form because basically it needs more time to really assess the damage to its finances after last years crypto blow up and a big reason why it needs more time is because it needs to figure out whether its still viable as a business at all whether it can say up and running so that brings us to today you have silvergate saying that its working diligently to file that 10K as soon as possible but clearly Traders arent waiting around