Silvergate Capital, the parent company of crypto-friendly bank Silvergate, has filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court in Delaware, with assets estimated to be between $100 million and $500 million and liabilities between $10 million and $50 million. The bankruptcy stems from the serious damage to the reputation of its subsidiary Silvergate Bank following liquidity problems and the collapse of crypto exchange FTX. Silvergate previously had close ties to the crypto industry, but the company faced significant challenges due to regulatory scrutiny stemming from the FTX scandal. The Securities Exchange Commission (SEC) accused Silvergate of assisting FTX in fraudulent transactions and imposed hefty fines and restraining orders on its former executives. Silvergate has agreed to pay $63 million to settle charges with the SEC, the Federal Reserve and California regulators.