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Cryptoknowmics
2022-12-06 09:13:31

Silvergate Bank CEO Strives to Allay Concerns in Public Letter

Silvergate Bank CEO Strives to Allay Concerns in Public Letter

The CEO of Silvergate Bank, which specializes in serving customers in the fintech and cryptocurrency industries, including the defunct cryptocurrency exchange FTX and its sibling hedge fund Alameda Research, sent a letter to shareholders. The letter assures them of the bank’s proper research procedures, risk mitigation, and reserve levels. “Silvergate conducted significant due diligence on FTX and its related entities, including Alameda Research, both during the onboarding process and through ongoing monitoring, in accordance with our risk management policies and procedures.” Read more here: https://t.co/9nAViJOzoi — Silvergate Bank (@silvergatebank) December 5, 2022 Silvergate Bank CEO Concerns About FTX and Alameda The post Silvergate Bank CEO Strives to Allay Concerns in Public Letter appeared first on Cryptoknowmics-Crypto News and Media Platform .

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