Silvergate $10M settlement opens claims for FTX-linked depositors

A class-action lawsuit against crypto-friendly Silvergate Bank in California is inviting claimants connected to FTX or Alameda Research accounts. Investors who deposited fiat “into an FTX- or Alameda-related account” between 2019 and 2022 are encouraged to submit claims for a $10 million settlement filed in the US District Court for the Southern District of California The lawsuit indicates that Investors have until Jan. 30 to opt out or file a claim as part of a settlement that “resolves a lawsuit over whether Silvergate Bank, Silvergate Capital Corporation, and Alan J. Lane aided and abetted tortious conduct on the part of FTX, Alameda, and Sam Bankman-Fried. “The Settlement is fair, reasonable, and adequate ,” said a Dec. 8 court filing asking for approval. “It marks a significant recovery from the bankrupt Silvergate and will provide additional relief, beyond that obtained in the FTX Bankruptcy, for those affected by the multi-billion-dollar collapse...

https://www.cryptopolitan.com/ftx-investors-urged-to-file-claims/