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“Silvergate carried out important due diligence on FTX and its associated entities together with Alameda Analysis, each through the onboarding course of and thru ongoing monitoring,” stated Lane, noting the lender adopted all related regulatory procedures when receiving wires directed to Alameda. As is required by each the financial institution’s personal methods and laws, stated Lane, any doable untoward exercise was investigated and – if essential – reported as such.
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