Filing: US bank Silvergate acknowledges processing wire transfers for traders on Alameda, saying it conducted “extensive due diligence” on FTX and Alameda (Joshua Oliver/Financial Times)

Gretchen Morgenson / NBC News:
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  —  Silvergate is one of the few U.S. banks that let customers move dollars onto crypto exchanges.  FTX and related firms, like Alameda Research, had 20 Silvergate accounts.

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 …

Ryan Browne / CNBC:
Crypto lender Nexo buys a stake in the parent of Summit National Bank, a US regulated bank, paving the way for it to offer US licensed banking services  —  – Cryptocurrency lender Nexo said it has agreed to buy an undisclosed stake in Hulett Bancorp, which owns a little-known bank called Summit National Bank.

CNBC:
The Southern District of New York charges SBF with wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy, money laundering, and more  —  – Federal prosecutors in the Southern District of New York unsealed eight seperate charges against disgraced FTX co-founder Sam Bankman-Fried …

The Wire:
The Wire retracts its recent stories on Meta and says it is using “independent external experts” to conduct an investigation into its Meta coverage  —  Earlier this week, The Wire announced its decision to conduct an internal review of its recent coverage of Meta …

TechCrunch:
BrandTotal and Unimania agreed to a permanent injunction banning them from using and scraping Facebook and Instagram, and will pay a “significant financial sum”  —  Facebook parent Meta has settled a lawsuit in the U.S. against two companies that had engaged in data scraping operations …