Crypto exchange Binance had access to Binance US's bank account at Silvergate in early 2021, and moved $400 million to a trading firm being probed for its ties to the global crypto exchange, Reuters reported Thursday.
According to the report, Binance moved the funds between January and March 2021 from BAM Trading's Silvergate Account. BAM Trading is the name of the entity operating Binance US. Merit Peak is a trading firm that the U.S. Securities and Exchange Commission A Binance spokesperson did not immediately return a request for comment. A spokesperson told Reuters that the news organization had"outdated information" but did not appear to address the transfers.
Former Binance US CEO Catherine Coley reportedly asked about the funds and their transfers at the end of 2020. Coley departed Binance US in April 2021, and has not held a public role at a crypto company since. Silvergate's stock is down 17% on the day. Bitcoin's price remained around the $25,000 mark, up on the day's trading.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
How to Use an API Key Securely: 5 Tips From Binance | Binance BlogAPI keys: what are they used for? They're typically used to grant certain programs convenient access to user data but if not properly managed, they can be compromised. So, here are some pointers on how to safely manage your API keys 👇
Lire la suite »
Crypto markets rebound as Silvergate soars 16% on Citadel Securities, Susquehanna stakesCryptocurrency prices rebounded after yesterday's decline, when the NYDFS announced that it will pursue regulatory action against Paxos.
Lire la suite »
Ken Griffin's Citadel Securities reveals 5.5% stake in crypto bank SilvergateCitadel Securities, the market maker owned by Citadel's Ken Griffin, on Tuesday reported a 5.5% stake in cryptocurrency-focused lender Silvergate Capital Corp worth about $25 million, according to a regulatory filing.
Lire la suite »
SBF and FTX fraud 'aided and abetted' by Silvergate Bank, alleges lawsuitA newly proposed class action lawsuit has accused Silvergate of “aiding and abetting” FTX’s transfer of customer funds to Alameda. What are your thoughts?
Lire la suite »
Stocks making the biggest moves midday: Roblox, Airbnb, Barclays, Silvergate Capital & moreThese are the stocks posting the largest moves midday.
Lire la suite »
Silvergate hurtles back above $20 with crypto stocks in the green across the boardCrypto stocks soared on Wall Street today, with the widely shorted Silvergate seeing a lion's share of gains.
Lire la suite »