According to @ecurrencyhodler, Silvergate experienced a significant decrease in deposits from $14 billion to $4 billion over two months following the FTX implosion. Despite this, Silvergate managed to process all withdrawals successfully. However, in January 2023, regulatory interventions severely restricted Silvergate's ability to conduct business, impacting their trading activities.

According to Vitalik Buterin, founder of Ethereum, avoiding complex conditional rules in security models is crucial for clarity and credibility in the cryptocurrency market. Buterin suggests that simpler rules are less likely to require frequent adjustments, which can foster a more stable and predictable trading environment. This approach could enhance market confidence and reduce regulatory intervention risks. [Source: VitalikButerin on Twitter]