Silvergate: BlockFi’s internal deposits are less than $20 million, or 0.2% of total deposits

U.S. crypto-friendly bank Silvergate Bank said that as of November 28, crypto lending platform BlockFi had less than $20 million in internal deposits, accounting for about 0.2% of Silvergate's total deposits. At the same time, BlockFi is not the custodian of Silvergate’s Bitcoin-secured special-term leveraged loans, which have continued to perform as expected to date with zero losses, no forced liquidation, and Silvergate has not invested in BlockFi.