
On The Brink with Castle Island
Mike Lempres on Silvergate's Collapse, Bank Regulation, and Debanking
By Castle Island Ventures
Aired Feb 5, 2025 · 47m · Last boosted Feb 6, 2025
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Show Notes
Former Chairman of Silvergate Bank Mike Lempres joins us for a discussion of Silvergate, the crypto-focused bank that was forced into liquidation in early 2023 following a bank run. This are the first on the record comments from any Silvergate executive following the voluntary liquidation announced in March 2023. In this episode: Mike's background at the DoJ, at Coinbase, and how he came to be chairman of the board at Silvergate How Silvergate grew to become the premier crypto-focused bank with $14b in deposits Why the Silvergate Exchange Network (SEN) was so useful to the crypto space How Silvergate suffered...
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