Silvergate, which functions as crypto exchanges' exchange in some ways, was back in the news the other day. They serviced 8 billion USD of withdrawals and laid off 200 people (about 40% of their total staff).
In a way, this is really good news. The 8 billion went out seemingly without too many problems. Yes, that's bad for their fee structure, but the money was there.
Much like Tether, Silvergate has been accused of not having the funds they say they do, but so far so good.
The question remains: was that just not enough to blow up the game or are they really sound?
Time will tell.
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