Binance and related entities have transferred about $70 billion through Silvergate Bank and Signature Bank so far in 2019

From 2019 to this year, Binance and related entities moved about $70 billion through accounts at the now-defunct Silvergate Bank and Signature Bank, including “significant amounts of money” flowing in and out over a period of several days, Bloomberg reported, citing court documents. Among them, Silvergate processed more than $50 billion for Binance related parties, while Signature processed more than $19 billion, with some funds flowing to foreign entities, including bank statements, deposits, voided checks and wire transfers. the