US bank hits with record high Crypto Withdrawal i.e., $ 8 Billion, Silvergate, which provides cryptocurrency services to People. Customers have withdrawn over $8bn (£6.7bn) of their Crypto-linked Deposits. Around 2/3rd of the bank’s customers pulled their deposits in the final three months of 2022.
The main reason for that withdrawal is because of the FTX Case in which FTX’s boss has pleaded not guilty to charges that he defrauded customers and investors.