Not much to say here…but wanted to clip this.

Leigh Drogen @LDrogen

I find this part hard to believe Was FTX's SEN connection with Silvergate set up under the Alameda bank account? If so, Silvergate is in a whooooooooooole lot of trouble here

Balaji @balajis

Kelsey is the one honest journo at Vox. And the only one who found a clue as to where all that customer money has gone. https://t.co/uIvj90jmoQ https://t.co/76NPatS1vo

9:42 PM ∙ Nov 16, 2022

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368Likes56Retweets

It this is true (and SBF’s tweet suggests it is) then Silvergate is done for. They could have their banking charter revoked for something like that. Fed won’t hesitate to make an example out of them.