The criminal investigation that has enveloped the now-bankrupt cryptocurrency exchange FTX continues to spread its scope. Prosecutors in the Justice Department are reportedly investigating Silvergate, a crypto-focused bank, for hosting accounts connected to FTX’s disgraced founder, Sam Bankman-Fried, according to Bloomberg.
The probe is in its initial stages and hasn’t led to any criminal accusations, sources familiar with the matter told Bloomberg. The prosecutor’s inquiry also encompasses other business linked to Bankman-Fried beyond FTX, including Alameda Research.
