THE HASH: Silvergate Shares Plummet Amid $8.1B in Withdrawals, Hackers Stole High-Value NFTs From Prominent Web3 Builders

This episode is sponsored by the Galaxy Brains Podcast.

The most valuable crypto stories for Thursday, January 5, 2023.

Crypto bank Silvergate Capital (SI) stocks have taken a free fall this morning, down over 46% as the firm racing to cover $8.1 billion in withdrawals during the crypto meltdown; the TON Foundation aims to solve large-scale data storage problems by launching Ton Storage project. Plus, two Web3 builders have lost NFTs estimated to have been worth hundreds of thousands of dollars to scammers.

See also: 

Three Arrows Capital founders subpoenaed on Twitter

Silvergate shares tumble as crypto bank reveals $8.1bn fall in deposits

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This episode has been edited by Adrian Blust. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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