Silvergate CEO Makes an attempt to Handle Considerations in Public Letter

“Silvergate performed vital due diligence on FTX and its associated entities together with Alameda Analysis, each throughout the onboarding course of and thru ongoing monitoring,” mentioned Lane, noting the lender adopted all related regulatory procedures when receiving wires directed to Alameda. As is required by each the financial institution’s personal techniques and laws, mentioned Lane, any doable untoward exercise was investigated and – if essential – reported as such.

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