🚨The SEC has sued Silvergate Capital Corporation, accusing it of misleading investors about its Bank Secrecy Act/Anti-Money Laundering compliance program and its client monitoring. The bank allegedly failed to detect $9 billion in suspicious transfers linked to FTX. Following FTX's collapse, Silvergate opted for voluntary liquidation, leading to significant investor losses. Silvergate has agreed to pay a $50 million civil penalty, but denies the allegations. What do you think about this development? Share your thoughts below! 💭👇