Silvergate CEO Attempts to Address Concerns in Public Letter

Citing “speculation – and misinformation – being spread by short sellers and other opportunists trying to capitalize on market uncertainty,” Silvergate Capital (SI) CEO Alan Lane in a public letter attempts “to set the record straight.”

“Silvergate conducted significant due diligence on FTX and its related entities including Alameda Research, both during the onboarding process and through ongoing monitoring,” said Lane, noting the lender followed all relevant regulatory procedures when…

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