Motley Fool
Why Crypto Stocks Are Falling on Thursday
The market continues to worry about the fallout of FTX’s bankruptcy last week, which is hurting cryptocurrency-related stocks today. Shares of Silvergate Capital (NYSE: SI) fell as much as 16.9% in trading on Thursday morning, Coinbase (NASDAQ: COIN) was down as much as 7.5%, and Block (NYSE: SQ) was even down 4.6%. John J. Ray III, who is leading the team administering FTX in bankruptcy, filed with the court this morning, outlining the financial situation of FTX and its related entities.