Shares of Silvergate Capital (SI) fell sharply after the market close on Thursday following the publication of a Bloomberg article reporting the U.S. Department of Justicers fraud unit was looking into the crypto bankrs dealings with the now-bankrupt FTX and Alameda Research.

The criminal investigation is looking at Silvergaters hosting of accounts tied to FTX and Alameda, according to people familiar with the matter speaking to Bloomberg.

Silvergate hasnrt been accused of any wrongdoing and the investigation could end without any charges being brought, according to Bloomberg.

Silvergate shares were down 28% in after-hours trading to $15.06, wiping out almost all of its 29% rally during the dayrs session following a Federal Reserve-related rally in cryptocurrencies and crypto stocks.