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Crypto-Friendly Silvergate Bank Pays $63M to Settle Charges With SEC, Fed, California Regulator

Silvergate's executives were aware of 'critical deficiencies' in the bank's anti-money laundering protections, the SEC alleged.

Updated Jul 2, 2024, 8:08 p.m. Published Jul 1, 2024, 8:03 p.m.
Silvergate Bank collapsed in 2023. (Will Foxley/CoinDesk)
Silvergate Bank collapsed in 2023. (Will Foxley/CoinDesk)