The short seller who famously predicted the collapse of FTX and Silvergate Capital Corporation (NYSE: SI) has more stocks to call out and warn investors about.
Short Seller’s FTX, Silvergate Wins: Short seller Marc Cohodes was interviewed by Edwin Dorsey of the Bear Cave Newsletter in a Thursday Twitter Spaces segment. Dorsey previously issued a short report on Silvergate.
Cohodes has issued warnings to investors about FTX and Silvergate before both compaies saw a valuation collapse.
“I’m happy, ironically I’m more happy that the government shut down Silvergate’s SEN network than I am about the stock,” Cohodes said.
Cohodes added there is still more room for Silvergate to fall, giving it a value of 4 cents to 14 cents.
“It’s a publicly traded crime scene.”
The mainstream media is lazy and could be co-conspirators in the Sam Bankman-Fried, FTX and Silvergate downfalls, the short seller said.
Benzinga reached out to Cohodes for an interview and did not hear back.
“The media wants to make it a crypto story, but it’s not. This is a worldwide money laundering story through these two networks with a crypto wrapper.”
Cohodes said he warned people about FTX. Some of those people listened, and others who did not got completely …
