Silvergate Bank lawsuit calls for FTX, Alameda clients to weigh in on $10M settlement
A class-action lawsuit against Silvergate Bank seeks input from FTX/Alameda clients for a $10 million settlement.Summary
A class-action lawsuit filed against the defunct Silvergate Bank in California is urging clients who deposited fiat into FTX or Alameda Research-related accounts between 2019 and 2022 to file claims for a proposed $10 million settlement. This settlement aims to resolve allegations that Silvergate Bank, its corporation, and Alan J. Lane aided and abetted the tortious conduct of FTX, Alameda, and Sam Bankman-Fried. Court filings suggest the settlement is fair and will provide additional relief beyond the main FTX bankruptcy proceedings for affected parties. Potential claimants have until January 30 to opt out or file a claim, with a final hearing scheduled for February 9. Over 46,000 potential claimants are involved in the broader FTX bankruptcy case, suggesting proportional payments from this settlement.
(Source：Cointelegraph)