Federal Home Loan Banks are bailing out crypto
Crypto-friendly banks Silvergate and Signature appear to have received over $15 billion in advances from the FHLB system combined.
Crypto-friendly banks Silvergate and Signature appear to have received over $15 billion in advances from the FHLB system combined.
Crypto exchange Bitzlato is suspected of laundering millions, with Binance named as its biggest counterparty along with darknet market Hydra.
Silvergate lost nearly $1 billion in Q4 2022 alone as customers realized that FTX was once its biggest client.
Terraform Labs founder and fugitive Do Kwon has country-hopped to Serbia, where circumstances are friendlier to those ‘on the run.’
Despite Alameda’s lack of risk mitigation procedures, it appears those in charge of liquidations may be as gung-ho as the previous leaders.