A look at Silvergate, one of the few US banks that let customers move dollars onto crypto exchanges, now drawing congressional scrutiny following FTX’s collapse (Gretchen Morgenson/NBC News)

Wall Street Journal:
Sources: Alameda CEO Caroline Ellison told staff on November 9 that she, SBF, and two FTX executives were aware that FTX lent its customers’ money to Alameda  —  Trading firm Alameda’s troubles helped lead to the bankruptcy of crypto exchange FTX  —  Alameda Research’s chief executive …

Nansen:
An in-depth look at FTX and Alameda shows UST’s collapse in May increased their reliance on FTT, leading to $4B outflows from Alameda to FTX in June and July  —  mins  —  Nansen’s research team dives into the collapse of Alameda and FTX using blockchain analytics  —  Key Takeaways

Nelson Wang / CoinDesk:
Filings: Block.One and its CEO Brendan Blumer buy a 7.5% and 9.3% stake, respectively, in crypto bank Silvergate Capital, making Blumer its largest shareholder  —  The purchase makes Brendan Blumer the largest holder of Silvergate Capital.  —  Brendan Blumer, the founder and CEO of EOS developer Block.One …

Joshua Oliver / Financial Times:
Filing: US bank Silvergate acknowledges processing wire transfers for traders on Alameda, saying it conducted “extensive due diligence” on FTX and Alameda  —  Federal Reserve-regulated company says it performed ‘significant due diligence’ on FTX and Alameda Research

Wall Street Journal:
Source: FTX extended loans to Alameda using money that customers deposited for trading purposes and SBF told an investor that Alameda owes FTX about $10B  —  FTX Chief Executive Sam Bankman-Fried told an investor this week that Alameda owes FTX about $10 billion

CoinDesk:
Binance CEO Changpeng Zhao plans to sell the remaining FTT tokens taken on from exiting FTX’s Alameda in 2021; Binance received ~$2.1B from the previous sale  —  Alameda’s CEO offered to buy Binance’s FTT token holdings for $22 apiece.  —  Binance’s CEO, responding to a CoinDesk scoop …