“Silvergate conducted significant due diligence on FTX and its related entities including Alameda Research, both during the onboarding process and through ongoing monitoring,” said Lane, noting the lender followed all relevant regulatory procedures when receiving wires directed to Alameda. As is required by both the bank’s own systems and regulations, said Lane, any possible untoward activity was investigated and – if necessary – reported as such.
Silvergate CEO Attempts to Address Concerns in Public Letter
