 There was a tweet coin basis no longer accepting or initiating payments to or from Silvergate first of all who Silvergate Well Silvergate is a bank based in La Jolla, California It's a Federal Reserve member bank leading provider of innovative financial infrastructure solutions and services for the digital asset industry That's us as far as these industries that are using Silvergate's and Institutional clients are like look we're not going to accept to or from we're going to shut it down And why is that it's because of this Silvergate stock crashes after company delays and your report reveals new losses Well Silvergate shares have collapsed over the last year as the company's entanglements with several crypto firms Including bankrupt exchange FTX among others Resulted in deposits falling by more than two-thirds. So what's going on is coin basis saying look There's some contagion going on with Silvergate. We don't like what's going what's happening. So to and from we're going to shut it down You