The U.S. Securities and Exchange Commission sued Silvergate Capital Corporation, pointing to transfers with FTX and accusing the crypto-friendly bank of making false statements to the public about its anti-money laundering procedures. 

The crypto-friendly bank, which liquidated and shuttered its doors last year, was sued on Monday, according to a complaint filed by the SEC. The SEC also named the bank's CEO Alan Lane, former COO Kathleen Fraher and former CFO Antonio Martino. 

Silvergate's Bank Secrecy Act and AML compliance program were inadequate, the SEC said. Specifically, the bank did not have appropriate measures to monitor the Silvergate Exchange Network, which allowed customers to transfer funds. 

"But the Bank failed to adequately or automatically monitor for …