Binance Under Spotlight: $70 Billion Transactions Traced Back to Silvergate & Signature

The world’s largest crypto exchange, Binance, is facing increased scrutiny as investigations delve into its past financial activities. Amidst the Securities and Exchange Commission’s lawsuit against Binance, several significant revelations have emerged, focusing on transactions processed through now-bankrupt banking institutions.

Recently, it has come to light that Binance and its associated entities moved approximately $70 billion through accounts at Silvergate Bank and Signature Bank. Crypto exchange Binance and related entities shuttled some $70 billion through accounts at now-defunct Silvergate Bank and Signature Bank from 2025 up until this. These transactions are now under intense examination by regulators and financial analysts.

As per the latest report from Bloomberg, crypto exchange Binance and its affiliate firms shuttled $70 billion through its accounts at the now-bankrupt Silvergate Bank and Signature Bank. This massive movement of funds raises questions about compliance and the nature of Binance's relationships with these institutions.

Amid the escalating Binance-SEC lawsuit, new revelations have surfaced. Silvergate Bank and Signature Bank, both of which are now bankrupt, were instrumental in facilitating these transactions. This revelation adds another layer of complexity to the ongoing legal battle.

Further investigation is needed to fully understand the implications of these $70 billion transactions and their impact on the broader cryptocurrency market. The future of Binance and its regulatory standing hang in the balance.