Urgent Relief: FTX Victims Compensation Now Available from $10M Silvergate Settlement

BitcoinWorld Urgent Relief: FTX Victims Compensation Now Available from $10M Silvergate Settlement If you were affected by the catastrophic collapse of the FTX exchange, a new path to financial recovery has opened. Former customers of FTX and its sister firm, Alameda Research, are now eligible for FTX victims compensation from a separate $10 million class-action settlement involving Silvergate Bank. This development offers a crucial lifeline separate from the ongoing bankruptcy proceedings. What is the Silvergate Settlement for FTX Victims? The settlement resolves serious allegations that Silvergate Bank, a crypto-friendly lender that filed for bankruptcy in 2023, aided FTX’s fraudulent activities. Regulators, including the SEC, claimed Silvergate failed to maintain proper Anti-Money Laundering controls. This failure allegedly allowed roughly $9 billion in suspicious transactions to flow undetected. Therefore, this settlement provides a direct avenue for FTX victims compensation based on these claims. Who is Eligible and How Do You File a...

https://bitcoinworld.co.in/ftx-victims-compensation-silvergate-settlement/