Silvergate settles with SEC, DFPI, and Federal Reserve over FTX money laundering (amycastor.com)

submitted 4 months ago by dgerard@awful.systems to c/buttcoin@awful.systems

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[-] Alphane_Moon@lemmy.world 5 points 4 months ago

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.

this post was submitted on 03 Jul 2024

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