US EditionSilvergate Bank Lawsuit Calls for FTX, Alameda Clients to Weigh in on $10M Settlement
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FTX Collapse: $10M Silvergate Bank Settlement For Affected Investors
A $10 million settlement is proposed against Silvergate Bank for allegedly aiding FTX, Alameda, and Sam Bankman-Fried. The settlement is open to Silvergate users who deposited fiat into FTX or Alameda accounts from 2019-2022, with a January 30 deadline. The lawsuit highlights the need for greater transparency and accountability in the crypto industry. Silvergate Bank, the bank of choice for the crypto industry, is facing a class-…
A group of investors has the possibility to file claims related to deposits linked to FTX and Alameda Research, made between 2019 and 2022 through Silvergate Bank's accounts. *** The collective lawsuit proposes an agreement for USD 10 million against Silvergate Bank and its executives. Possible affectos have until January 30 to file their application or opt out. The agreement seeks to compensate affected users beyond the bankruptcy process of FT…
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