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Cryptocurrency 19 minutes ago (Dec 17, 2022 04:20AM ET)
A class-action lawsuit against Silvergate Bank, Silvergate Capital (NYSE:SI) Corporation and Silvergate CEO Alan Lane was filed at the California Southern District Court concerning accounts held by embattled crypto companies FTX and Alameda Research.
The suit aims to hold Silvergate accountable for its alleged roles in placing FTX user deposits into the bank accounts of Alameda, which caused panic within the crypto market, eventually leading to both firms declaring bankruptcy.
Silvergate faces class-action lawsuit over FTX and Alameda dealings
