A bipartisan group of US senators is pressing Silvergate Capital Corp. over whether it knew about FTX’s alleged misuse of customer funds after the lawmakers found responses to an earlier inquiry to be “evasive and incomplete.”
The senators, including Democrat Elizabeth Warren and Republicans Roger Marshall and John Kennedy, sent a letter to Silvergate on Monday asking a series of questions about its ties to collapsed cryptocurrency exchange FTX. In a copy of the letter obtained by Bloomberg News, they said the firm in December had declined to fully answer related questions, citing restrictions on disclosing “confidential supervisory information.”
