The collapse of Sam Bankman-Fried’s FTX cryptocurrency exchange appears to have further legs to play out as the crypto-friendly Silvergate Bank, which is owned by Silvergate Capital Corp. (NYSE: SI) and lent heavily to the exchange, is now in troubled waters. What Happened: Silvergate Capital announced this week that it was voluntarily liquidating the bank’s operations after raising doubts about its ability to continue as a going concern in an SEC filing on March 1.