“[There are] reports that Mr. Bankman-Fried ‘secretly transferred some $10 billion of customer funds to his trading vehicle, Alameda Research,’ to fund ‘risky bets,’ violating both U.S. securities laws and FTX’s own terms of service,” said the letter. “We are concerned about Silvergate’s role in these activities because of reports suggesting that Silvergate facilitated the transfer of FTX customer funds to Alameda.”
Morgan Stanley (MS) Delves Deeper Into Crypto, May Soon Allow Its Brokers to Pitch Bitcoin (BTC) ETFs to Customers: Report
The Wall Street giant opened up bitcoin ETF purchases after they had been approved earlier this year. However, this was...