Troubled crypto bank Silvergate sees regulators swoop in to try to help it stay afloat

• Silvergate is talking to FDIC regulators to find a way to avoid collapse as its finances worsen, per Bloomberg.
• The crypto bank flagged doubts about its survival and closed its flagship SEN payments service last week.
• Shares in Silvergate have tumbled as worries about the key industry player have mounted.

Troubled crypto-friendly bank Silvergate Capital is talking with US regulators to find a way to avoid going out of business, as fears grow for the key player in the digital-asset industry, Bloomberg has reported.