Silvergate settles with SEC, DFPI, and Federal Reserve over FTX money laundering
With a sufficiently awful public disaster, there’s always room for more scorching.
Silvergate Bank was scorched earth as of March 2023. But they were up to their necks in FTX — and with a sufficiently awful public disaster, there’s always room for more scorching. This one’s over at Amy’s. [Amy Castor]
Life as a crypto firm can be divided up into before Silvergate and after Silvergate — it’s hard to overstate how much it revolutionized banking for blockchain companies.
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