{"id":26804,"date":"2024-07-03T21:59:45","date_gmt":"2024-07-03T21:59:45","guid":{"rendered":"https:\/\/davidgerard.co.uk\/blockchain\/?p=26804"},"modified":"2024-07-03T21:59:45","modified_gmt":"2024-07-03T21:59:45","slug":"silvergate-settles-with-sec-dfpi-and-federal-reserve-over-ftx-money-laundering","status":"publish","type":"post","link":"https:\/\/davidgerard.co.uk\/blockchain\/2024\/07\/03\/silvergate-settles-with-sec-dfpi-and-federal-reserve-over-ftx-money-laundering\/","title":{"rendered":"Silvergate settles with SEC, DFPI, and Federal Reserve over FTX money laundering"},"content":{"rendered":"<p>Silvergate Bank was scorched earth as of March 2023. But they were up to their necks in FTX \u2014 and w<span style=\"font-weight: 400;\">ith a sufficiently awful public disaster, there\u2019s always room for more scorching. This one&#8217;s over at Amy&#8217;s. [<a href=\"https:\/\/amycastor.com\/2024\/07\/03\/silvergate-settles-with-sec-dfpi-and-federal-reserve-over-ftx-money-laundering\/\"><em>Amy Castor<\/em><\/a>]<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">Life as a crypto firm can be divided up into before Silvergate and after Silvergate \u2014 it\u2019s hard to overstate how much it revolutionized banking for blockchain companies.\u00a0<\/span><\/p>\n<p style=\"text-align: right;\"><span style=\"font-weight: 400;\">\u2014 <\/span><a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2023\/01\/25\/crypto-collapse-us-banks-leave-crypto-how-genesis-kept-gemini-hanging-on-ftx-binance-nexo\/\"><span style=\"font-weight: 400;\">Sam Bankman-Fried<\/span><\/a><\/p>\n<\/blockquote>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2023\/03\/09\/crypto-collapse-good-night-silvergate-bank-unbanking-crypto-exchanges-voyager-sale-to-binance-proceeding\/alex-shaeffer-painting-bank-burning-si-edit\/\" rel=\"attachment wp-att-25048\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-25048\" src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2023\/03\/Alex-Shaeffer-Painting-Bank-Burning-SI-edit.jpg\" alt=\"\" width=\"510\" height=\"315\" srcset=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2023\/03\/Alex-Shaeffer-Painting-Bank-Burning-SI-edit.jpg 680w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2023\/03\/Alex-Shaeffer-Painting-Bank-Burning-SI-edit-300x185.jpg 300w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2023\/03\/Alex-Shaeffer-Painting-Bank-Burning-SI-edit-348x215.jpg 348w\" sizes=\"auto, (max-width: 510px) 100vw, 510px\" \/><\/a><\/p>\n<br><br><div align=\"center\"><p><a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\"><img src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2021\/10\/become_a_patron_button.svg\" alt=\"Become a Patron!\" title=\"Become a Patron!\" width=217 height=51><\/a><br><p style=\"align:center;\" class=\"patreon-badge\"><i>Your subscriptions keep this site going. <a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\">Sign up today!<\/a><\/i><\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>With a sufficiently awful public disaster, there\u2019s always room for more scorching.<\/p>\n","protected":false},"author":1,"featured_media":25048,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[3823,1515,33,1545],"class_list":["post-26804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorised","tag-dfpi","tag-federal-reserve","tag-sec","tag-silvergate-bank"],"jetpack_featured_media_url":"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2023\/03\/Alex-Shaeffer-Painting-Bank-Burning-SI-edit.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/26804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/comments?post=26804"}],"version-history":[{"count":2,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/26804\/revisions"}],"predecessor-version":[{"id":26806,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/26804\/revisions\/26806"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media\/25048"}],"wp:attachment":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media?parent=26804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/categories?post=26804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/tags?post=26804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}