/biz/ - Business & Finance

>>53412488
It's about Silvergate

>>53313020
Well, Circle is important probably because of CBDC rollout/fedcoin, but it really is all of them. The key is that these are all essentially quasi government institutions now that they've been given access to government funding. It's some kind of backroom money laundering operation as far as I can tell, silvergate was using their status as a bank to move customer funds out of Alameda and FTX to some unknown accounts. FTX actually acquired a bank themselves in order to launder money without relying on silvergate, and I bet a lot of these other institutions probably have purchased banks too. Silvergate has actually changed their participating member lists quite often, check this older version of their infographic. Immediately after FTX blew up they removed their partner infographic entirely. You have ErisX which is part of the Chicago Board Options Exchange, Citadel/Sequoia related, and then interestingly enough you have binance in there too. I'm guessing these guys didn't want it to be known that they were using silvergate so they asked them to change the infographic.