On December 18th, according to Cointelegraph, a class-action lawsuit by US crypto-friendly bank Silvergate is calling for claims from investors with accounts linked to FTX or Alameda Research. The lawsuit involves a $10 million settlement that resolves allegations of "whether Silvergate Bank, Silvergate Capital Corporation, and Alan J. Lane aided and abetted the infringement of FTX, Alameda, and Sam Bankman-Fried."
According to court documents, investors interested in participating in the settlement have until Jan. 30, 2024 to file a claim or opt out. Judge Ruth Bermudez Montenegro has scheduled a final hearing for Feb. 9. More than 46,000 potential claimants in the FTX bankruptcy case have been contacted by mail who may receive a prorated share of the settlement money.
Silvergate was once one of the few crypto-friendly banks in the United States that did all their business with FTX Trading, which collapsed in November 2022. The bank voluntarily ended operations in March 2023.
The Silvergate Bank lawsuit calls on FTX and Alameda investors to file claims
2025-12-18 01:05:11
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