Silvergate Capital: It has conducted due diligence on FTX, etc., and the wire transfers involving Alameda are in compliance with the procedures

Silvergate Capital, a provider of financial infrastructure solutions for digital assets, issued an open letter stating that “Silvergate conducted significant due diligence on FTX and its related entities, including Alameda Research,” noting that the lender followed suit when receiving wire transfers involving Alameda. All relevant supervisory processes, as required by the bank's own systems and regulations, and any possible unwanted activity is investigated and reported if necessary. Foresight News previously reported that Silvergate Capital issued a statement on FTX risks. As of September 30, 2022, the total deposits of all Silvergate digital asset customers were US$11.9 billion, of which FTX accounted for less than 10%.