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Buttcoin @awful.systems David Gerard @awful.systems

Silvergate settles with SEC, DFPI, and Federal Reserve over FTX money laundering

amycastor.com 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 settles with SEC, DFPI, and Federal Reserve over FTX money laundering
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  • Penalties seem pretty mild, especially for the CEO and CFO. For some reason I suspect their $1 M and $250 K penalties aren't all that material relative to the amounts they made via Silvergate.