Court Approves $37.5M Cash Settlement With Silvergate Capital Corporation in Securities Fraud Class Action

Court Approves $37.5M Cash Settlement With Silvergate Capital Corporation in Securities Fraud Class Action

In the wake of FTX cryptocurrency fraud, investors claim Silvergate Bank misled the public about its customer vetting and anti-money laundering programs. Subsequent run on the bank led to Silvergate Bank's demise and Silvergate Capital's bankruptcy. SAN DIEGO, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Today, a federal judge in California granted final approval of a $37.5 million cash settlement between investors and Silvergate Capital Corporation, the …