Signature Bank's parent company is delaying the filing of its annual report, and may face investigations by the U.S. Department of Justice, Congress and others

BlockBeats: On March 2, Silvergate Capital Corporation, the holding company for Signature Bank, a crypto-friendly bank, announced that it will delay filing its annual 10-K report for fiscal 2022, Sending its shares plunging more than 10 percent in after-hours trading. "The company is currently analyzing certain regulatory inquiries and investigations related to the company," Silvergate's accounting firm and independent auditors have also requested additional information and indicated that they may face inquiries from the Justice Department, Congress and banking regulators. BlockBeats previously reported that on February 7, Statistica accused Signature Bank, a cryptocurrency-friendly bank, of contributing to the FTX crash by allowing it to mix customer accounts with the Signet blockchain network. The indictment shows Signature Bank had "actual knowledge" of FTX's fraud since at least June 2020, but still publicly promoted FTX and failed to "close, suspend or otherwise restrict" Alameda or FTX accounts that violated the terms of service.