Silvergate Being Investigated For Its Relationship With FTX

Crypto bank Silvergate has entered the U.S. Department of Justice’s radar due to deals with FTX and Alameda.

crypto bank silvergate, due to agreements with FTX and Alameda It’s on the radar of the U.S. Department of Justice.

The crypto market crashes of the past year have prompted regulators and the country’s legislators to act. Countries that pressed the button after the FTX and Terra crisis are carrying out the necessary work for the regulation of the crypto market at full speed. The one who takes the strings more US Department of Justiceis conducting an investigation for Silvergate, which has been on the agenda recently. The relationship between Silvergate and FTX is on the ministry’s agenda.

Silvergate Highlights for FTX Dating

crypto bank silvergate , after a loss of approximately $1 billion, decided to cease dividend payments. The company is now in trouble with the US Department of Justice. Ministry, Silvergate FTX and AlamedaHe began to examine the agreements and relations he had made with

This investigation is based on the former FTX CEO of Silvergate. Sam BankmanFried‘s hosting accounts associated with their businesses.

The California-based crypto bank has yet to face any charges. However, the authorities conducting the investigation FTX and Alamedabegan to examine the scope of the agreements with