Short-sellers rake in $780 million betting against Silvergate as the crypto-friendly bank closes its doors

• Short-sellers have made $780 million betting Silvergate since the bank's shares peaked in November, per S3. 
• The shares have tanked over 96% in 12 months, in the crypto rout and the fallout from FTX's collapse. 
• The crypto-friendly bank said Thursday it plans to close its business in the face of mounting troubles.

Short-sellers have raked in millions of dollars in from the mounting troubles at embattled crypto-friendly bank Silvergate, which has just said it plans to close down.