Binance and related entities have transferred approximately $70 billion through Silvergate and Signature Bank from 2019 to the present

ChainCatcher message reveals that, according to new details disclosed in the documents, from 2019 to this year, Binance and related entities transferred approximately $70 billion through accounts at Silvergate Bank and Signature Bank. Among them, Silvergate provided over $50 billion in deposits for Binance-related parties, while Signature handled over $19 billion. Some of the funds have flowed to foreign entities associated with Binance. (Bloomberg)