Multiple Silvergate lawsuits over alleged FTX ties combined by judge

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Multiple Silvergate lawsuits over alleged FTX ties combined by judge
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A judge has lumped together three lawsuits accusing Silvergate Bank of facilitating investor fraud through dealings with FTX and Alameda.

A California judge has combined three investor lawsuits against defunct crypto bank Silvergate Bank involving the bankrupt crypto exchange FTX.

On April 19, United States District Judge Jacqueline Scott Corley of the Northern District of California ruled that the three lawsuits would be consolidated. Each accuses Silvergate of helping to facilitate investor fraud by the collapsed crypto exchange FTX. The three cases were brought against Silvergate by four former investors.

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