As a professional translator, I would translate this news article into English as follows:
According to Bloomberg, the U.S. Securities and Exchange Commission (SEC) is suing Silvergate Capital Corp., a crypto lending institution that has been struggling since the collapse of the cryptocurrency exchange FTX. The SEC filed a lawsuit against the bank in the Manhattan federal court on Monday, citing “securities fraud” as the reason. Several former executives of Silvergate have also been named as defendants, but the records did not provide details of the case.
Source Link: https://www.bloomberg.com/news/articles/2024-07-01/sec-sues-silvergate-bank-fo…
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Original Article Link: https://www.bitpush.news/articles/6913595
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