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Silvergate defendants, except former CFO Antonio Martino, have agreed to settle with the SEC. He called commission's the allegations unfounded
The SEC has filed a lawsuit against Silvergate Capital Corporation and its executives for allegedly misleading investors and facilitating FTX fraud. The regulator claims Silvergate failed to detect suspicious transfers amounting to nearly $9 billion. Silvergate agreed to a $50 million civil penalty.
July 2, 2024 05:00 AM