A crypto bank linked to FTX failed to monitor more than $1 trillion in transactions

Crypto-friendly bank Silvergate Capital, which closed its operations last year due to the collapse of FTX, failed to monitor over $1 trillion in crypto transactions, according to a complaint filed by the SEC. Silvergate Capital has agreed to pay $63 million to settle accusations of internal management failings and the… source: https://qz.com/ftx-linked-crypto-bank-silvergate-failed-to-detect-more-1851575019