this post was submitted on 03 Jul 2024
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Buttcoin

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Silvergate settles with SEC, DFPI, and Federal Reserve over FTX money laundering (amycastor.com)
submitted 5 months ago by dgerard@awful.systems to c/buttcoin@awful.systems
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[–] Alphane_Moon@lemmy.world 5 points 5 months ago

Penalties seem pretty mild, especially for the CEO and CFO. For some reason I suspect their $1 M and $250 K penalties aren't all that material relative to the amounts they made via Silvergate.