Silvergate settles with SEC, DFPI, and Federal Reserve over FTX money laundering (amycastor.com)
from dgerard@awful.systems to buttcoin@awful.systems on 03 Jul 2024 22:03
https://awful.systems/post/1828606

#buttcoin

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Alphane_Moon@lemmy.world on 04 Jul 2024 12:09 collapse

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.