“[There are] reports that Mr. Bankman-Fried ‘secretly transferred some $10 billion of customer funds to his trading vehicle, Alameda Research,’ to fund ‘risky bets,’ violating both U.S. securities laws and FTX’s own terms of service,” said the letter. “We are concerned about Silvergate’s role in these activities because of reports suggesting that Silvergate facilitated the transfer of FTX customer funds to Alameda.”
Related posts
-
Is the House’s FIT21 Bill Really the Legislation That Crypto Needs?
Somewhat ironically, Shapiro and Palley’s criticisms seem to line up with Maxine Waters (D-CA), the ranking... -
Crypto industry doesn’t need Bitcoin anymore
In an interview posted Thursday, Charles Hoskinson called the Bitcoin following a ‘religion’ and unsustainable. Hoskinson,... -
No, a Sponsored Labeled Crypto Press Release Is Not An Alternative to Editorial Coverage
With these services, press releases are generally just “syndicated”, meaning that, although they will indeed be...