Silvergate Bank is in the midst of winding down its operations after reporting $1 billion worth of losses related to the give procedure of FTX, which became once an esteemed client. The crypto-pleasant bank furthermore faces a set of complaints, and now, has launched the departure of C-level executives on the helm of operations.

In an Aug. 15 submitting with the U.S. Securities and Alternate Commission (SEC), Silvergate’s parent firm disclosed the departure of the bank’s CEO Alan Lane, Chief Factual Officer John Bonino and Chief Monetary Officer Antonio Martino.

The submitting said that neither Lane, Bonino nor Martino had been departing on story of any dispute or disagreement with the company itself.

Lane and Bonino are attach to depart on Aug. 15, whereas Martino will depart his feature on Sept. 30. After their exits, none of the executives will seemingly be entitled to from now on compensation below their employment contracts, but will receive severance advantages.

Kathleen Fraher, the manager transition officer of the firm, will rob over as major executive officer after Lane’s departure, but the company would not thought to appoint any individual to completely beget the roles of the executives in light of the continued liquidation.

Silvergate launched it may per chance perchance per chance be coming into a voluntary liquidation in March, and plans to repay all client deposits in rotund after it resolves how easiest to withhold the residual label of its sources. Silvergate’s stock label plummeted by 44% in after-hours procuring and selling on the day the news became made public.

Since then, the bank has been named in a substitute of complaints, including two class action complaints, one in all which alleges the bank did not originate factual due diligence on about a of its customers, including FTX, Alameda Be taught, Binance.US, Huobi and Bittrex.