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Nelson Wang is CoinDesk’s news editor for the East Coast. He holds BTC and ETH above CoinDesk’s disclosure threshold of $1,000.
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A bipartisan group of U.S. senators is pushing Silvergate Capital (SI) to provide more details about what it knew about FTX’s alleged misuse of customer funds, according to a report in Bloomberg.
In a letter sent to Silvergate on Monday that was viewed by Bloomberg, the senators asked Silvergate about its connections to the collapsed crypto exchange, saying the firm’s previous responses to similar questions in December were “evasive and incomplete.”
The senators include Elizabeth Warren (D-Mass.), Roger Marshall (R-Kansas) and John Kennedy (R-La.).
Shares of Silvergate were up more than 4% in early trading on Tuesday, but have declined 88% over the past year.
Neither Silvergate nor Sen. Warren’s office immediately responded to a request for comment.
UPDATE (Jan. 31, 15:12 UTC):Updated with non-response from Silvergate and Sen. Warren’s office.
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Nelson Wang is CoinDesk’s news editor for the East Coast. He holds BTC and ETH above CoinDesk’s disclosure threshold of $1,000.
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