Silvergate Capital Corp. will face fraud claims related to its FTX ties in the US District Court for the Southern District of California, a judge said in an order changing the class action’s venue.
The suit against Silvergate alleges that the bank aided and abetted FTX and former CEO Sam Bankman-Fried’s multibillion-dollar fraud scheme by allowing the transfer of assets from FTX to Alameda Research LLC, all while touting its anti-money laundering system. Silvergate moved to dismiss the case in June, saying that the customers who sued had chosen the wrong venue to pursue their claims.
Judge Jacqueline ...
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