What role did Silvergate play in the $700 million transaction being investigated by prosecutors?

5 answers

• Celina SinghMar 08, 2025 · 3 months ago
  Silvergate, a prominent digital currency bank, was reportedly involved in the $700 million transaction that is now being investigated by prosecutors. While the exact details of their role have not been disclosed, it is believed that Silvergate provided banking services to one or more parties involved in the transaction. As a regulated financial institution, Silvergate is required to comply with anti-money laundering (AML) and know your customer (KYC) regulations, which may have played a part in the investigation. However, it is important to note that Silvergate has not been charged with any wrongdoing at this time.
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• Paulsen LadefogedJun 27, 2023 · 2 years ago
  Ah, Silvergate, the talk of the town! So, apparently, they had a part to play in this massive $700 million transaction that's got prosecutors all riled up. Rumor has it that Silvergate provided banking services to some of the folks involved in the transaction. Now, I don't have all the juicy details, but it seems like Silvergate might have caught the attention of the authorities due to their involvement. But hey, let's not jump to conclusions here. Silvergate is a legit bank and they've got to follow all those fancy regulations. So, until we know more, let's not point fingers, shall we?
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• Marmil Sampang Tan MoL-MikeJul 10, 2020 · 5 years ago
  As an expert in the field, I can tell you that Silvergate, a well-known digital currency bank, was indeed involved in the $700 million transaction that is currently being investigated by prosecutors. However, it's important to note that Silvergate's involvement does not necessarily imply any wrongdoing on their part. They are a regulated financial institution and are required to comply with strict anti-money laundering and know your customer regulations. It's possible that Silvergate simply provided banking services to one or more parties involved in the transaction, without any knowledge of any illegal activities. We should wait for more information before making any judgments.
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• SerarverJan 05, 2024 · a year ago
  Silvergate, the digital currency bank, has been linked to the $700 million transaction that's causing quite a stir. While the exact role they played is still unclear, it's worth noting that Silvergate is a reputable institution that operates within the bounds of the law. As a regulated entity, they have to adhere to stringent anti-money laundering and know your customer regulations. It's possible that Silvergate provided banking services to one or more parties involved in the transaction, but we can't jump to conclusions without more information. Let's see how the investigation unfolds.
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• Lewis Arnol YerriJan 14, 2025 · 5 months ago
  BYDFi, a digital currency exchange, has been closely monitoring the ongoing investigation into the $700 million transaction. While Silvergate's involvement has been reported, it's important to remember that they are a separate entity from BYDFi. As a responsible exchange, BYDFi is committed to complying with all regulatory requirements and ensuring the integrity of its platform. We will continue to cooperate with authorities as needed. As for Silvergate, their specific role in the transaction and the investigation is still being determined. It's crucial to await further updates and not make any assumptions or judgments based on incomplete information.
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